2 December 2010 07:00 am
The All Share Price Index gained 125.0 points to close at 6,559.9 points (+1.9%), whilst the Milanka Price Index also gained 122.5 to close at 7,111.0 points (+1.8%).
The total turnover was LKR3,298.0 mn (USD29,602.4 k) vs. 12-month average daily turnover of LKR2,342.1 mn (USD21,022.4 k) whilst the volume traded for the day was 332,381 k against the 12-month average daily volume of 70,370 k.
Top traded counters were
Market continued the upbeat following yesterday’s SEC directive on reducing the debtors positions of brokering houses. Heavy weight John Keells Holdings saw institutional interest where it saw a near 1.1 mn shares changing hands. Institutional activity was seen in Aitken Spence with circa 1.2 mn shares changing hands during the day. Both voting and non-voting shares of Seylan Bank saw strong institutional and retail participation whilst Piramal Glass enticed retail interest.
A net inflow of foreign funds was seen during the day, where foreign purchases amounted to LKR832.8 mn (USD7,475.1 k), whilst foreign sales amounted to LKR271.9 mn (USD2,440.5 k).
Market capitalization is at LKR2,173.4 bn. YTD market performance is up 93.8%.
A Report from TKS Securities (Pvt) Ltd