Stock Market Back in Red….. 14th Dec 2010

• The All Share Price Index dipped 51.2 points to close at 6,385.6 points (-0.8%), whilst the Milanka Price Index also dipped 52.8 points to close at 6,842.7 points (-0.8%).
  
  

• The total turnover was LKR1,249.5 mn (USD11,233.9 k)  vs. 12-month average daily turnover of LKR2,396.5 mn (USD21,546.4 k) whilst the volume traded for the day was 62,286 k against the 12-month average daily volume of 74,710 k.
  
  

   Top traded counters were

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• Market turned red again after the marginal recovery made yesterday. Sampath Bank saw institutional interest during the day whilst Tokyo Cement (Non Voting) and Hatton National Bank saw institutional and high net worth participation.  Further, institutional play was evident in Cargills and DIMO during the day.

• A net inflow of foreign funds were seen during the day, where foreign purchases amounted to LKR188.6 mn (USD1695.6 k), whilst foreign sales amounted to LKR160.2 mn (USD1,440.3 k).

• Market capitalization is at LKR2,126.8 bn. YTD market performance is up 88.6%.

TKS Securities (Pvt) Ltd