Bourse Ends in Red, Despite High Activity Levels..27th Jan 2011

27 January 2011 12:25 pm - 0 - {{hitsCtrl.values.hits}}

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The All Share Price Index dipped 30.7 points to close at 7,211.1 points (-0.4%), whilst the Milanka Price Index also dipped 25.0 points to close at 7,195.8 points (-0.3%).

The total turnover was LKR4,116.1 mn (USD37,399.2 k) vs.12-month average daily turnover of LKR2,564.2 mn (USD23,293.9 k) whilst the volume traded for the day was 137,777.3 k against the 12-month average daily volume of 88,790.0 k.

Top traded counters were PC House LKR490.2 (USD4,413.0 k,+21.5%) Sampath Bank LKR455.5 mn (USD4,100.6 k,+1.0%), Lanka Walltile LKR193.1 mn (USD1,738.4 k,+3.5%), Ceylon Grain Elevators LKR184.6 mn (USD1,661.9 k,+0.7%) and Richard Pieris LKR166.6 mn (USD1,499.8 k,-1.5%).

Market closed in red though encouraging turnover levels were seen during the day. High net worth and retail investors were active on PC House with the price band being lifted today. Institutional participation was seen in Sampath Bank whilst Lanka Walltile saw renewed buying interest on the back high net worth and institutional interest where the counter seen circa 2% stake changing hands. Further institutional and retail investor play was evident in Ceylon Grain Elevators and Richard Pieris during the day.

Net outflow of foreign funds was seen during the day, where foreign purchases amounted to LKR191.6 mn (USD1,724.9 k), whilst foreign sales amounted to LKR283.7 mn (USD2,554.0 k).

TKS Securities (Pvt) ltd

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Bourse Ends in Red, Despite High Activity Levels..27th Jan 2011

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