Carson sells, EPF buys 1 m shares of Spence for Rs. 165 m

Wednesday, 20 April 2011 00:20 - - {{hitsCtrl.values.hits}}

Reaffirming its bullishness in equity investments, the Employees Provident Fund (EPF) yesterday picked up 1 million shares of Aitken Spence for Rs. 165.5 million whilst the seller was Carson Cumberbatch Group.

The deal involved a crossing of exactly 1 million shares at Rs 165.50 whilst Spence saw a total of 1,008,300 of its shares change hands for a turnover of Rs. 166.8 million. Spence share price closed down 40 cents to Rs. 165. With yesterday’s purchase EPF’s stake in diversified blue chip Spence had risen to 4.5% whilst that of Carson Group declined to 1.3%.

Deals on Spence made the highest contribution of 12% to turnover of the Colombo Bourse which otherwise remained lackluster.