Bourse Recovered Despite the Holiday Blues….18th Feb 2011

The All Share Price Index gained 64.7 points to close at 7,672.5 points (+0.9%), whilst the Milanka Price Index also gained 17.5 points to close at 7,242.2 points (+0.2%).

The total turnover was LKR1,989.3 mn (USD17,909.5 k)  vs. 12-month average daily turnover of LKR2,687.9 mn (USD24,199.0 k) whilst the volume traded for the day was 46,560 k against the 12-month average daily volume of 91,020 k.

Top traded counters were Brown & Company LKR189.3 mn (USD1,704.3 k, +7.4%), Lankem Ceylon LKR93.2 mn (USD839.1 k , +5.9%), Colombo Fort Land & Building LKR89.4 mn (USD804.9 k, +7.1%), John Keells Holdings LKR77.8 mn (USD700.4 k, +1.0%) and Parquet Ceylon LKR64.2 mn (USD578.0 k, +8.7%)

Colombo bourse ended the shortened trading week on a positive note. Institutional activity was seen in heavyweight John Keells Holdings and Brown & Company during the day. Lankem Ceylon and Colombo Fort Land & Building continued to generate strong investor sentiments whilst renewed institutional and high net worth interest was evident in Parquet Ceylon.

A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR122.3 mn (USD1,101.1 k), whilst foreign sales amounted to LKR197.3 mn (USD1,776.3 k).

TKS Securities (Pvt) Ltd