Colombo Bourse ended the day on a negative note…. 22nd November 2010

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23 November 2010 07:59 am - 0 - {{hitsCtrl.values.hits}}

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The All Share Price Index dipped 49.2 points to close at 6,515.8 points (-0.8%), whilst the Milanka Price Index also dipped 37.5 points to close at 7,077.9 points (-0.5%).

The total turnover was LKR1,460.0 mn (USD13,072 k) vs. 12-month average daily turnover of LKR2,287.6 mn (USD20,483 k) whilst the volume traded for the day was 80,829 k against the 12-month average daily volume of 65,310 k.
Top traded counters were John Keells Holdings LKR446.9 mn (USD4,001 k, +0.0%), Royal Ceramics LKR120.3 mn (USD1,077 k -0.3%), Piramal Glass LKR79.8 mn (USD715 k, +12.0%), Keells Hotels LKR79.4 mn (USD711 k, -2.4%) and Sampath Bank LKR48.1 mn (USD431 k, -1.4%)

The Colombo bourse ended in the red today, where investors seemed to remain in defensive positions looking for direction. Heavy weight John Keells Holdings emerged as the top traded counter on the back of institutional and high net worth interest contributing for circa 30% of the day’s turnover. Royal Ceramics continued to gather momentum with institutional participation during the day. Piramal Glass traded strong on the back of retail interest whilst Keells Hotels traded on the back of institutional interest. Sampath bank also enticed institutional interest during the day. Diversified sector contributed for 35% of the day’s turnover whilst Banking and Finance sector contributed for circa 25%.

President Mahinda Rajapakshe presented the first budget of his government after being elected early this year. Further the new Cabinet of Ministers was appointed today following the President commenced his second term on Friday, 19^th of November 2010 as the 8^th Executive President of Sri Lanka.

The day saw a net out flow of foreign funds, where Foreign purchases amounted to LKR175.2 mn (USD1,569 k), whilst foreign sales amounted to LKR578.1 mn (USD5,176 k).

Market capitalization is at LKR2,156.9 bn.YTD performance is 92.5%.

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Colombo Bourse ended the day on a negative note…. 22nd November 2010

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