Stock Market Update... 29th August 2011

29 August 2011 11:59 am - 0 - {{hitsCtrl.values.hits}}

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The All Share Price Index dipped 15.6 points to close at 6,837.4 (-0.2%), whilst the more liquid Milanka Price Index gained marginally to close at 6,222.9 (0.0%).

The total turnover was LKR2,598.3 mn (USD23,636.8k) vs.12-month average daily turnover of LKR2,515.7 mn (USD22,885.4k) whilst the volume traded for the day was 83,511.4k against the 12-month average daily volume of 107,725.7k.

Top traded counters were HVA Foods LKR1,098.6 mn (USD9,993.8k, +16.4%), DFCC Bank LKR168.9 mn (USD1,536.7k, -3.5%), Colonial Motors LKR166.0 mn (USD1,510.5k, -1.7%), Singer Finance(Lanka) LKR147.0 mn (USD1,339.1k, +3.0%) and John Keells Holdings LKR109.8 mn (USD998.8k, 0.4%).

Colombo bourse closed on a mixed note where broad market shed ground whilst more liquid Milanka Price index gained marginally amid healthy turnover levels. HVA Foods witnessed a stake of circa 10% changing hands during the day and contributed for circa 42% of the day’s turnover. Singer Finance and Colonial motors also continued to see mixed investor participation whilst DFCC Bank enticed renewed institutional investor participation. Further institutional and high net worth investor interests were evident in heavy weight John Keells Holdings during the day.

Net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR135.6 mn (USD1,233.8k), whilst foreign sales amounted to LKR163.0 mn (USD1,482.5k).

TKS Securities (Pvt) Ltd

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Stock Market Update... 29th August 2011

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