Stock Market Update... 19th July 2011

20 July 2011 06:26 am

The All Share Price Index dipped 68.5 points to close at 6,675.7 (-1.0%), whilst the more liquid  Milanka Price Index also dipped 51.1 points to close at 6,198.2 (-0.8%).

The total turnover was LKR1,685.3 mn (USD15,389.5k)  vs. 12-month average daily turnover   of LKR2,861.4 mn (USD26,131.5) whilst the volume traded for the day was 57,693.1k against the 12-month average daily volume of 107,026.4k.

Top traded counters were Commercial Bank LKR195.3 mn (USD1,783.5k, +0.4%), Softlogic Holdings  LKR139.5 mn (USD1,274.2k, -1.5%), Ceylon Tobacco  LKR137.0 mn (USD1,251.0k, +0.3%), John Keells Holdings  LKR122.8 mn (USD1,121.4k, -1.9%) and Citizens Development Business Finance  LKR101.9 mn (USD930.5k, +0.4%).

Colombo bourse closed in the red with both indices shedding ground during the day.  Commercial Bank of Ceylon contributed for circa 12.0% of the daily turnover backed by institutional investor interest. Mixed investor interest was seen in Softlogic Holdings whilst institutional investors were seen active on Ceylon Tobacco , John Keells Holdings and Citizens Development Business Finance.

Net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR270.1 mn (USD2,466.6k), whilst foreign sales amounted to LKR403.1  mn (USD3,680.6k).



Tks Securities (Pvt) Ltd