Stock Market Update... 06th May 2011

The All Share Price Index gained 58.7 points to close at 7,377.9 points (+0.8%), whilst the Milanka Price Index also gained 23.5 to close at 6,760.4 points (+0.4%).

The total turnover was LKR1,616.6 mn (USD14,729.1 k) vs.12-month average daily turnover of LKR2,915.2 mn (USD26,542.8 k) whilst the volume traded for the day was 83,738.9 k against the 12-month average daily volume of 93,100.0 k.

Top traded counters were Brown & Company LKR154.1 mn (USD1,403.1 k, +0.9%), Nation Lanka Finance LKR150.0 mn (USD1,365.7 k, +12.1%), John Keells Holdings LKR89.2 mn (USD812.2 k, +2.5%), Bogala Graphite Lanka LKR89.1 mn (USD811.2 k, +38.3%) and Hemas Holdings LKR53.4 mn (USD486.2 k, +0.4%).

Market opened the week on a positive note and continued to regain the lost momentum. Brown & Company saw renewed institutional and high net worth interest and contributed for circa 10% of day’s turnover. Nations Lanka Finance traded strong with all round investor participation whilst institutional and high net worth investors were seen active in heavy weight John Keells Holdings and Hemas Holdings. Further Bogala Graphite Lanka gained +38% with mixed investor contribution during the day.

Net inflow of foreign funds was seen during the day, where foreign purchases amounted to LKR138.0 mn (USD1,256.5 k), whilst foreign sales amounted to LKR85.2 mn (USD775.7 k).


TKS Securities (Pvt) Ltd