A Breather…29th March 2011

30 March 2011 10:57 am - 0     - {{hitsCtrl.values.hits}}

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The All Share Price Index closed flat at 7,207.9 points (0.0%), whilst the Milanka Price Index dipped 21.0 points to close at 6,817.4 points (0.3%).

The total turnover was LKR3,217.9 mn (USD29,131.7 k)  vs. 12-month average daily turnover of LKR2,808.9 mn (USD25,429.1 k) whilst the volume traded for the day was 56,696.0 k against the 12-month average daily volume of 93,802.5 k.

Top traded counters were Commercial Bank LKR1,240.7 mn (USD11,232.1 k, -0.3%), Union Bank LKR715.7 mn (USD6,479.3 k, +53.6%), Asian Alliance Insurance LKR229.5 mn (USD2,077.7 k, -3.6%), Hayleys LKR211.1 mn (USD1,911.1 k, -0.1%) and Ascot Holdings LKR85.4 mn (USD773.1 k, +5.6%)

Institutional investor interest was evident on Commercial Bank where the counter contributed for circa 40% of day’s turnover. Union Bank commenced trading today listing 15 mn shares on the main board. The counter attracted strong investor interest during the day, with the counter closing at a 53% intraday gain. Asian Alliance Insurance and Hayleys saw institutional activity whilst all round investor participation was seen in Ascot Holdings.

A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR303.9 mn (USD2,751.4 k), whilst foreign sales amounted to LKR1,386.1 mn (USD 12,548.7  k).

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