The market continued showing positive signs
Posted on the January 27th, 2012 under Market Reports by Asia Wealth Management 
| Tweet |
The All Share Price Index gained 36.1 points to close at 5,592.4 points (+0.6%), whilst the Milanka Price Index also
gained 21.5 to close at 4,758.5 points (0.4%).
The total turnover was LKR2, 294.4 mn (USD19, 136.1 k) vs. 12-months average daily turnover of LKR 2,116mn
(USD18, 578 k) whilst the volume traded for the day was 51,950.7 k against the 12-months average daily volume of
91,758 k.
Top traded counters were John Keells holdings LKR1,466.8 mn (USD12,877.9 k, 2.1%), Commercial bank of Ceylon
LKR371 mn (USD3,257.4 k, 0.4%), Asia Asset Finance LKR77.5mn (USD680.3 k, 9.2%), Swarnamahal Financial Services
Limited LKR37.3mn (USD327.4 k, 4%) and Blue Diamonds Jewellery Worldwide LKR31.8 mn (USD279.2 k,-6.3%) .
The market continued showing positive signs with the indices closed in the green and daily turnover exceeding LKR2
billion energised primarily by renewed foreign buying on index heavyweight John Keells Holdings. The counter which
contributed nearly 63% of the day’s turnover saw 10 blocks of shares together counting to approximately 8.2 mn
traded at LKR167 during the day. Lively investor participation continued on banking and finance sector with sectoral
contribution of 25% of the day’s turnover. Both Commercial bank of Ceylon and Asia Asset Finance topped today’s
local investor’s priority list. Commercial Bank witnessed an off market deal of cumulative 3.6mn shares traded at LKR
100. Further speculative retail interest was seen on Blue Diamonds Jewellery Worldwide following the company
announcing its reduction of stated capital and share subdivision.
Foreign purchases amounted to LKR1,384.1 mn (USD12,152.3 k), whilst foreign sales amounted to LKR 356.6mn
(USD3,130.7 k).
Market capitalization is at LKR2, 046.9 bn YTD performance is -7.9%.
Download the full report (PDF, 1.3MB)
