Stagnant start to the week
Posted on the October 4th, 2011 under Market Reports by NDB Stockbrokers 
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Week started off with a sluggish sentiment as both indices remained dull. MPI lost its ground slightly by 0.22% while ASPI remained stagnant. Investor interest continued in several speculative counters.
Bank, Finance & Insurance sector was the main contributor to the market turnover (due to Asian Alliance and Regnis Lanka) and the sector index increased by 0.61%. While the share price of Asian Alliance gained by Rs.22.40 (6.25%) and closed at Rs 394.30, the share price of Regnis Lanka gained by Rs.48.60 (11.04%) and closed at Rs.492.00.
Motor Sector also contributed to the turnover (due to Colonial Motors) and the sector index gained by 2.64%. Colonial Motors became the highest contributor to the market turnover and its share price increased by Rs.25.50 (5.47%) and closed at Rs.494.90.
Continued interest in Ascot Holdings was witnessed as it contributed heavily towards the market turnover. The share price decreased by Rs 5.20 (2.80%) and closed at Rs 181.00.
Premier Blue chip John Keells Holdings contributed heavily to the market turnover. Its share price came down by Rs.2.00 (0.97%) and closed at Rs.203.00.
Several crossings were witnessed in Colonial Motors, Asian Alliance, John Keells Holdings and Commercial Bank.
