Market turnover improved to LKR.707.84Mn
Posted on the November 9th, 2011 under Market Reports by S C Securities 
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The market plummeted by 1.32% (84.51 points) today, bringing down the All Share Price Index (ASPI) to 6,322.01 points as selling pressure mounted towards the end of trading. The Milanka Price Index (MPI) closed 1.01% (57.52 points) lower over last Fridays’ close to end the day at 5,641.33 points.
Market turnover improved to LKR.707.84Mn from last Friday’s year to date low of LKR.430.8Mn. The primary contributors to the days’ market turnover were, market heavyweight John Keells Holdings (JKH), Royal Ceramics (RCL), Hatton National Bank Non Voting (HNB-X), Citrus Leisure (REEF) & Laugfs Gas Voting (LGL-N).
JKH was the top turnover contributor today generating a turnover of over LKR.148Mn. Three off the floor trades took place at uniform a price of LKR.195.00 which consisted of 627k shares.
The counter accounted for close to 21% of the total market turnover of the day with 762k shares transacting. JKH closed trading at LKR.194.50, losing 0.46% (LKR.0.90) over last Fridays’ close.
RCL too was associated with a crossing of 150k shares at a price of LKR.144.40. The counter generated the second highest turnover for the day of LKR.63.08Mn. RCL closed the day at LKR.141.00, down by 2.69% (LKR.3.90) over the previous close. Moreover HNB-X too witnessed a off the floor trade of 300k shares at a price of LKR.82.00 taking place today. The
share ended the day at LKR.82.00, losing a marginal 0.12% (LKR.0.10) over the previous close.
REEF & LGL-N generated considerable turnovers during the day but ended in the red at LKR.51.40 & LKR.38.70 respectively.
Foreigners ended the day as net buyers with foreign purchases worth of LKR.161.5Mn against foreign sales of LKR.83.7Mn, resulting in a net foreign inflow of LKR.77.8Mn.
