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Indices up, revenue dips

22 December 2011 12:12 pm - 0     - {{hitsCtrl.values.hits}}

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The Colombo bourse recovered sharply today to the positive zone with notable turnaround in the indices however with thin volume.
 
ASI jumped by 76.52 points (+1.3%) to close at 5,919.35 and sensitive MPI increased by 79.56 points (+1.6%) to settle at 5,167.81. Market turnover was low at Rs.349.0mn.
 
Commercial Bank Plc (Rs.38.7mn) was the top contributor to the turnover. In addition Janashakthi Insurance Plc (Rs.23.5mn) and Pan Asia Plc (Rs.17.2mn) made significant contributions to the daily turnover.
 
Meanwhile HVA Foods Plc, Environmental resources Plc and PC house Plc demonstrated heavy trading.
 
It was announced that EXPO Lanka acquired 50.0% Norfolk Foods (Pvt) Ltd for a total consideration of Rs.300.0mn.
 
Foreign participation stood at 14.9% of the total market activity and at the end of the day foreign investors were the net sellers with a net foreign outflow of Rs.36.2mn.

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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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