ComBank deal pushes bourse up

27 Dec 2011 - {{hitsCtrl.values.hits}}

The Colombo bourse started the last trading week of 2011 on a positive note with both indices recording notable gains for the third consecutive day.

ASI jumped by 32.51 points (+0.5%) to close at 6,015.09 and sensitive MPI increased by 36.25 points (+0.7%) to settle at 5,226.11. The market turnover reached Rs.995.8mn supported by off-the-floor deals in Commercial Bank.

During the day, foreigners sold a total of 7.6mn shares of Commercial Bank in four crossings at a price of Rs.100.00. The buyer was believed to be a local party. Commercial Bank was the top contributor (Rs.795.6mn) to the day’s turnover and accounted for 80% of the total turnover. Commercial Bank closed at Rs.100.50, up by Rs.0.40.

Moreover Regnis Lanka (Rs.23.8mn) and Environmental Resources Investments (Rs.20.1mn) made notable contribution to the market turnover.

On the other hand retail investor interest was seen in counters such as HVA foods (Rs.37.00,-0.3%), Blue Diamonds – nonvoting (Rs.3.80,0%) and Panasian Power (Rs.4.20,+2.4%).

Foreign participation stood at 41.7% of the total market activity and at the end of the day foreign investors were the net sellers with a net foreign outflow of Rs.788.2mn.

Stock

ComBank deal pushes bourse up

Most Popular Articles

LAUGFS gas prices remain unchanged

New US tariff could erode Sri Lanka’s export competitiveness: CCC warns

CSE slides sharply as Middle East tensions trigger broad-based selling

Global tariffs and geopolitical shockwaves trigger broad market selloff on CSE

CSE extends losses as geopolitical risks and tariff concerns weigh on sentiment

CSE rebounds as lower oil prices and strong crossings lift sentiment

Latest News

Joint Opposition seeks dialogue with CIABOC chief

Enjoining order sought against occupant over alleged subletting and illegal activities

UAE to unlock billions of dollars for Iran: Reuters

First-ever orthodox bishop ordination ceremony held in Sri Lanka

UN torture prevention body to visit Sri Lanka again