Mon, 27 Sep 2021 Today's Paper

Market Heads Further Down…. 09th March 2011

9 March 2011 01:05 pm - 0     - {{hitsCtrl.values.hits}}

A A A

The All Share Price Index dipped 102.5 points to close at 7,343.5 points (-1.4%), whilst the Milanka Price Index also dipped 86.0 points to close at 6,847.3 points (-1.2%)

The total turnover was LKR2,342.8 mn (USD21,251.5 k)  vs. 12-month average daily turnover of LKR2,771.9 mn (USD25,144.2 k) whilst the volume traded for the day was 46,404.3 k against the 12-month average daily volume of 93,072.8 k.

Top traded counters were John Keells Holdings LKR651.9 mn (USD5,913.5 k, -2.5%), Royal Ceramics LKR239.6 mn (USD2,173.4 k, -1.6%), Ceylinco Insurance LKR105.5 mn (USD957.0 k, +6.4%), Lankem Developments LKR92.7 mn (USD840.9 k, +3.9%) and Laugfs LKR55.2 mn (USD500.7 k, -3.1%).
 

Today’s market dip was driven by retail selling pressure, cashing out of  foreign portfolio investments following near 100% capital gains over the past 12-Month period and also the directors of premier blue chip John Keells Holdings (JKH) exercising their options and cashing out. The retail selling is a resultant of the need to raise capital for the forthcoming IPO’s, monies still locked up with the previously concluded IPO of Union Bank and also the 31st March 2011 deadline given to the brokering houses to clear 50% of the debt outstanding  as at end 2010.  
 

The heavy weight John Keells Holdings saw institutional and high net worth interest during the day where it contributed for circa 28% of day’s turnover. Royal Ceramics and Ceylinco Insurance continued to attract institutional investors together with Laugfs Gas whilst Lankem Development witnessed renewed all round interest following the announcement of the possible acquisition of +61% stake in Agarapathana Plantations, which is to be financed via a rights issue.
 

A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR134.3 mn (USD1218.2 k), whilst foreign sales amounted to LKR319.5 mn (USD2,897.8 k).



TKS SECURITIES (PVT) LTD

 

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

  Comments - 0

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

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




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

 


A state-sponsored elephant racket in the works

A controversial new gazette has been issued seeking to employ elephants for w

Waiver of registration questioned: Import of covid related drugs, products shrouded in controversy

The National Medicines Regulatory Authority- the independent authority that r

Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India