HNB crossing has transformative, green impact on share market

CSE trading was extremely bullish yesterday due to a notable crossing in HNB to the tune of Rs 13.9 billion.

- BY HIRAN H.SENEWIRATNE

This amounted to a 75 percent contribution to the day's turnover, market analysts pointed out.

The HNB transaction moved the market to green territory, resulting in improved business/investor confidence. Thus did market activities improve after a few working days.

The All Share Price Index went up by 161.39 points, while the S and P SL20 rose by 77.17 points. Turnover stood at Rs 18.7 billion with 12 crossings.

Those crossings were reported in HNB, which crossed 45.5 million shares to the tune of Rs 13.9 billion; its shares traded at Rs 320, Cargills Bank 28 million shares crossed for Rs 245 million, its shares traded at Rs 9, Melstacope 1.19 million shares crossed for Rs 175 million; its shares traded at Rs 148.50, Lanka IOC 1 million shares crossed to the tune of Rs 130 million; its shares traded at Rs 130.