Colombo Bourse Opened the Week in Red – TKS Securities (Pvt) Ltd - 29/11/2010

The All Share Price Index dipped 124.1 points to close at 6,257.0 points (-1.9%), whilst the Milanka Price Index also dipped 134.5 to close at 6,818.2 points (-1.9%).

The total turnover was LKR1,998.1 mn (USD17,905.7 k)  vs. 12-month average daily turnover of LKR2,310.3 mn (USD20,703.5 k) whilst the volume traded for the day was 79,663 k against the 12-month average daily volume of 67,750 k.

Top traded counters were Hatton National Bank LKR341.0 mn (USD3,055.8 k, -0.5%), John Keells Holdings  LKR339.8 mn (USD3,045.1 k , -1.1%), Cargills LKR260.1 mn (USD2,330.9 k, -1.0%), Renuka Agri Foods  LKR78.0 mn (USD699.0 k, -3.2%) and Tokyo Cement (Non Voting) LKR63.0 mn (USD564.6 k, +3.0%)

Market opened the week on a negative note however strong activity was seen in blue chip counters. Hatton National Bank saw institutional and high net worth interest where it contributed for circa 17.1% of day’s turnover. Institutional activity was seen in Cargills and Tokyo Cement (Non Voting) whilst institutional and high net worth participation was evident in heavy weight John Keells Holdings. Renuka Agri Foods witnessed renewed high net worth and retail interest during the day.

A net inflow of foreign funds were seen during the day, where foreign purchases amounted to LKR770.7 mn (USD6,906.5 k), whilst foreign sales amounted to LKR95.2 mn (USD853.1 k).

Market capitalization is at LKR2,073.1 bn. YTD market performance is up 84.8%.