Foreign inflows continue to impress
Posted on the February 23rd, 2012 under Market Reports by NDB Stockbrokers 
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Strong retail buying dominated the market with continuing foreign interest and increasing market confidence resulting in a strong and steady upward movement of the indices. Foreign accumulation witnessed in blue chip John Keells Holdings helped to boost the indices while renewed interest in speculative counter Blue Diamond resulted in an acceleration towards the end of trading.
Diversified sector was the highest contributor to the market turnover (due to John Keells Holdings and Aitken Spence) and the sector index rose 2.59%. The share price of John Keells Holdings gained Rs 7.40 (4.44%) to close at Rs 174.00 while share price of Aitken Spence increased Rs 0.70 (0.61%) to close at Rs 115.70. Foreign holdings of John Keells Holdings and Aitken Spence increased by 1,056,149 and 450,900 shares respectively.
Bank, Finance and Insurance sector became the second highest contributor to the market turnover (due to Commercial Bank) and the sector index jumped 3.41%. Commercial Bank share price increased by Rs 0.10 (0.10%) to close at Rs 100.90. Foreign Holdings of Commercial bank increased by 1,375,600 shares.
Hatton National Bank announced a final cash dividend of Rs 3.00 per share and a scrip dividend of 1 share for every 54.815 shares.
