Stock Market Continuing the Lethargic Mode….15th Dec 2010

15 December 2010 11:54 am

• The All Share Price Index dipped 11.8 points to close at 6,373.8 points (-0.2%), whilst the Milanka Price Index also dipped 9.37 points to close at 6,833.35 points (-0.1%).

• The total turnover was LKR667.1 mn (USD6,008.8 k)  vs. 12-month average daily turnover of LKR2,397.1 mn (USD21,591.6 k) whilst the volume traded for the day was 24,640.4 k against the 12-month average daily volume of 74,760.0 k.
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·         Top traded counters were

Market continued its lethargic mode with a low turnover level below the 12 month average daily turnover. Heavy weight John Keels Holdings and Tokyo Cement (Non Voting) saw institutional and high net worth participation. Institutions were seen active in Sampath Bank and Hatton National Bank. Further, retail play was evident in Nations Lanka Finance during the day.

Net outflow of foreign funds was seen during the day, where foreign purchases amounted to LKR54.3 mn (USD489.1 k), whilst foreign sales amounted to LKR222.4 mn (USD2,003.2 k).

Market capitalization is at LKR2,122.9 bn. YTD market performance is up 88.3%.

TKS Securities (Pvt) Ltd