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Market rebounds

25 January 2012 12:35 pm - 0     - {{hitsCtrl.values.hits}}

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The Colombo equity market rebounded today to the positive territory however on a lackluster note. ASI closed at 5,556.29, up 20.2 points (+0.36%) while sensitive MPI settled at 4,736.93, up 26.03 (+0.55%). Market turnover stood at Rs.628.8mn.
 
John Keells Holdings Plc (Rs.70.7mn) emerged as the top contributor to the turnover followed Asia Assets Finance Plc (Rs.55.60mn) and Swarnamahal Financial Plc (Rs.49.5mn).
 
Heavily traded were the counters such as Environmental Resources Plc, Fortress Resources Plc and Nation Lanka Finance rights.
 
Furthermore Blue Diamonds Jewelery Plc has resolved to effect reduction of stated capital to recoup the accumulated losses and there will also be a subdivision of shares (1 to 14)
 
Foreign participation stood at 9.7% of the total market activity and at the end of the day foreign investors were the net buyers with a net foreign inflow of Rs.65.9mn.
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