Stock Market Update... 16th May 2011

19 May 2011 04:59 am - 0 - {{hitsCtrl.values.hits}}

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The All Share Price Index gained 38.7 points to close at 7,358.7 points (+0.5%), whilst the Milanka Price Index also gained 46.9 points to close at 6,816.2 points (+0.7%).

The total turnover was LKR2,031.4 mn (USD18,482.4 k) vs.12-month average daily turnover of LKR2,913.1 mn (USD26,504.4 k) whilst the volume traded for the day was 97,142.4 k against the 12-month average daily volume of 93,480.0 k.

Top traded counters were Hatton National Bank LKR527.9 mn (USD4,803.0 k, +4.6%), Nation Lanka Finance LKR473.0 mn (USD4,303.5 k, +10.2%), John Keells Holdings LKR114.6 mn (USD1,042.7 k, +0.2%), Blue Diamonds Jewellery Worldwide LKR80.3 mn (USD730.6 k, +18.1%) and Colombo Land & Development LKR63.3 mn (USD575.9 k, +5.3%).

Colombo bourse ascended on an energetic mode with generating healthy turnover levels during the day. Hatton National Bank emerged as the top trader with institutional interest and contributed for circa 26% of day’s turnover. Further counter saw over 2 million shares changing hands during the day whilst Nation Lanka Finance continued to gather momentum with all round investor participation. Institutional and high net worth investors were seen active in heavy weight John Keells Holdings and Colombo Land & Development. Further renewed retail investor participation was evident in Blue Diamonds Jewellery Worldwide during the day.

Net inflow of foreign funds was seen during the day, where foreign purchases amounted to LKR613.9 mn (USD5,585.5 k), whilst foreign sales amounted to LKR57.5 mn (USD523.1 k).

TKS Securities (Pvt) Ltd

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Stock Market Update... 16th May 2011

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