30 March 2011 10:57 am
The All Share Price Index closed flat at 7,207.9 points (0.0%), whilst the Milanka Price Index dipped 21.0 points to close at 6,817.4 points (0.3%).
The total turnover was LKR3,217.9 mn (USD29,131.7 k) vs. 12-month average daily turnover of LKR2,808.9 mn (USD25,429.1 k) whilst the volume traded for the day was 56,696.0 k against the 12-month average daily volume of 93,802.5 k.
Top traded counters were Commercial Bank LKR1,240.7 mn (USD11,232.1 k, -0.3%), Union Bank LKR715.7 mn (USD6,479.3 k, +53.6%), Asian Alliance Insurance LKR229.5 mn (USD2,077.7 k, -3.6%), Hayleys LKR211.1 mn (USD1,911.1 k, -0.1%) and Ascot Holdings LKR85.4 mn (USD773.1 k, +5.6%)
Institutional investor interest was evident on Commercial Bank where the counter contributed for circa 40% of day’s turnover. Union Bank commenced trading today listing 15 mn shares on the main board. The counter attracted strong investor interest during the day, with the counter closing at a 53% intraday gain. Asian Alliance Insurance and Hayleys saw institutional activity whilst all round investor participation was seen in Ascot Holdings.A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR303.9 mn (USD2,751.4 k), whilst foreign sales amounted to LKR1,386.1 mn (USD 12,548.7 k).