ECL continued to be in the center of attraction
Posted on the October 5th, 2011 under Market Reports by S C Securities 
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The market plunged almost 1% today with investor sentiment shifting into a selling mood. The Colomb o Benchmark Index, the All Share Price Index (ASPI), lost 0.91% (61.85 points) to end at 6,741.54 points whilst the Millanka Price Index (MPI) closed 0.81% (49.02 points) lower to edge below 6,000 points again, ending the day at 5,982.95 points.
Market turnover narrowed down recording a value of LKR.1.96Bn. The major contributors to the days’ turnover were Capital Alliance Finance Limited (CALF), Regnis Lanka (REG), Ceylon Foreign Trades (CFT), Ascot Holdings (ASCO) & E-Channeling (ECL).
Newly listed CAFL was the highest turnover generator of the day recording a value of LKR.76.93Mn with over 13.5Mn shares changing hands. The counter climbed by 166% (LKR.24.90) over the opening price of LKR.15.00 to end the day at LKR.39.90.
REG lost momentum today with selling building up towards the end of trading. The counter hit a high of LKR.505.00 during early trading before sheding ground as aggressive buying disappeared amid the selling spree that was witnessed. The share closed the day 6.89% (LKR.33.70) lower over yesterdays’ close to end the day at LKR.455.10. The share contributed a turnover of LKR.74.33Mn to the days’ total turnover.
ECL continued to be in the center of attraction with more than 6Mn shares transacting during the day. The share rose 2.35% (LKR.0.20) over the previous close to close at LKR.8.70 for the day.
Foreigners ended the day as net sellers with foreign sales worth of LKR.166.70Mn against foreign purchases of LKR.98.10Mn, resulting in a net foreign outflow of LKR.68.6Mn.
