Renewed Foreign Interest ....14th Feb 2011

14 February 2011 04:30 am - 0     - {{hitsCtrl.values.hits}}

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The All Share Price Index gained an impressive 225.2 points to close at 7,811.8 points (+3.0%), whilst the Milanka Price Index dipped  marginally to close at 7,248.8 points (-0.1%).

The total turnover was LKR5,286.0 mn (USD47,586.2 k) vs.12-month average daily turnover of LKR2,668.9 mn (USD24,020.3 k) whilst the volume traded for the day was 90,651.5 k against the 12-month average daily volume of 90,770.0 k.

Top traded counters were Hatton National Bank LKR1,756.7 (USD15,810.5 k, +1.7%), Ceylon Investment LKR318.9 mn (USD2,870.1 k, +28.2%), Dialog Axiata LKR247.7 mn (USD2,229.3 k, +1.7%), Bogawantalawa Tea Estates LKR234.9 mn (USD2,114.1 k, -2.3%) and Carsons Cumberbatch LKR193.4 mn (USD1,740.6 k, +25.1%).

Colombo Bourse opened the week on an energetic note with renewed foreign participation. Hatton National Bank emerged as the top trader on the back of foreign institutional interest where it contributed for circa 33% of day’s turnover. Further the counter also saw near 4.3 million shares changing hands during the day. Ceylon Investment saw all round buying interest whilst Dialog Axiata continued to gather momentum with institutional investor participation. Bogawantalawa Tea Estates witnessed renewed interest on the back of institutional play where the counter witnessed circa 15% stake changing hands during the day. Further, strong interest was seen in Carsons Bumberbatch during the day. 

Net outflow of foreign funds was seen during the day, where foreign purchases amounted to LKR1,935.3 mn (USD17,417.9 k), whilst foreign sales amounted to LKR2,093.3 mn (USD18,839.9 k).



TKS Securities (Pvt) Ltd

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