01st Feb 2011 Stock Market Update

 The All Share Price Index gained 15.9 points to close at 7,190.7 points (+0.2%), whilst the Milanka Price Index dipped marginally to close at 7,121.3 points (-0.1%).

The total turnover was LKR3, 203.5 mn (USD28,831.7 k) vs.12-month average daily turnover of LKR2,578.6mn (USD23,207.6 k) whilst the volume traded for the day was 96,198.7 k against the 12-month average daily volume of 89,280.0 k.

 
Top traded counters were 

                                                                                                          
Market closed on mix note with healthy activity levels, though few blue chips lost ground. Laugfs Gas (Voting and Non-voting) continue to attract both institutional and retail investor interest during the day with the 10% price band was removed on Laugfs Gas (Non-voting). Further both the  voting & non voting shares contributed for circa 20% of day’s turnover. High net worth and institutional investor participation was seen on Colombo Fort Land and Buildings. Further, all round investor play was evident in Citrus Leisure and Ceylon Grain Elevators.

Net inflow of foreign funds was seen during the day, where foreign purchases amounted to LKR191.2 mn (USD1,720.8 k), whilst foreign sales amounted to LKR169.4 mn (USD1,524.6 k).