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Pessimistic week

7 October 2011 03:37 pm - 0     - {{hitsCtrl.values.hits}}

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The Colombo bourse endured a week with a pessimistic outlook on the onset, continuing the trend entire week excluding Friday. However during the week selected retail counters such as LITE, CFT and ECL etc displayed a speculative run.

ASI dropped by 20.99 points (-1.25%WoW) and sensitive MPI dipped by 66.97 points (-1.11%YoY) to settle at 5,978.14. Foreign participation was recorded at 10.51% of the total market activit and at the end of the week foreign investors were the net sellers with a net foreign outflow of Rs.380.49mn.
 
On Friday, the market endured a strong day on account of the notable buying pressure. ASI increased by 20.99 points (+0.31%YoY) to close at 6,698.83 where as liquid MPI jumped by 39.54 points (+0.67%YoY) to settle at 5,978.14. Market turnover was recorded at Rs.2.3bn. 
 
Laugfs Gas Plc (LGL) (Rs.986.8mn) made heavy contributions to the daily turnover with aggressive trading. Furthermore LGL displayed a strong rally at the end of the day with heavy volume. LGL closed at Rs.50.00, up Rs.9.00 (+21.95%). In addition John Keells Holdings Plc (Rs.213.4mn) and Regnis (Lanka) Plc (Rs.126.2mn) made notable contributions to the turnover. Meanwhile Laugfs nonvoting, Blue nonvoting and voting demonstrated active level of trading.
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.

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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.

 


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