Stock Market Update... 11th April 2011

11 April 2011 10:54 am - 0     - {{hitsCtrl.values.hits}}

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The All Share Price Index gained 40.3 points to closed at 7,454.2 points (+0.5%), whilst the Milanka Price Index also gained marginally to close at 7,021.9 points (+0.0%).

The total turnover was LKR1,549.9 mn (USD14,038.9 k) vs.12-month average daily turnover of LKR2,976.5 mn (USD26,961.1 k) whilst the volume traded for the day was 30,132.9 k against the 12-month average daily volume of 99,660.0 k.

Top traded counters were Commercial Bank LKR277.4 mn (USD2,512.7 k, +0.2%), Brown & Company LKR150.8 mn (USD1,365.9 k, +3.8%), Lion Brewery LKR104.6 mn (USD497.5 k, +6.1%), Lankem Ceylon LKR80.4 mn (USD728.3 k, +7.4%) and Colombo Fort Land and Building LKR73.5 mn (USD665.8 k, +7.8%).

Colombo bourse opened the week on a positive note and ascent on an energetic way though, lower level of activity was seen during the day. Commercial Bank emerged as top trader on the back of the institutional participation and contributed for circa 18% of day’s turnover. Further the counter saw near 1 million shares changing hands during the day. Brown & Company continued to gather momentum with all round investor interest whilst renewed all round investor participation was seen in Lion Brewery and Lankem Ceylon. Further, Colombo Fort Land and Building gained 7.8% on the back of mixed investor interest during the day.

Net inflow of foreign funds was seen during the day, where foreign purchases amounted to LKR367.2 mn (USD3,326.1 k), whilst foreign sales amounted to LKR338.8 mn (USD3,068.8 k).

TKS Securities (Pvt) Ltd

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