ASI showed erratic behaviour over the course of the day
Posted on the September 18th, 2012 under Market Reports by Asia Wealth Management 
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The All Share Price Index rose 42.19 points to close at 5,969.1 (0.7%) while the Milanka Price Index also gained 42.19 points to close at 5,630.38 (0.8%).
Total turnover for the day stood at LKR1,823.2 mn (USD13,812.1 k) vs. 12-months average daily turnover of LKR1,103 mn (USD8,356 k), whilst the volume traded for the day was 100,366 k against the 12-months average daily volume of 45,113 k.
Top contributory counters towards the turnover for the day were Sampath Bank LKR134.3 mn (USD1,017.1 k, 1.9%), Kalpitiya Beach Resort LKR93.9 mn (USD711.3 k, 28.4%), Citrus Leisure LKR77.4 mn (USD586.2 k, 9.0%), Lanka Hospital Corporation LKR66.2 mn (USD501.4 k, 12.2%) and Commercial Bank LKR61.7 mn (USD467.2 k, 1.2%).
The ASI showed erratic behaviour over the course of the day, but managed to close up in the green, while still falling short of the 6,000 index mark. Banking sector counters continued to command institutional interest with Sampath Bank being recorded as the highest contributor towards the day’s turnover. Further the counter benefitted from a crossing of 200 k shares changing hands at a price of LKR210. However, the day’s trades were primarily dominated by retail favourite counters with Kalpitiya Beach Resorts being the 2nd highest contributor towards the day’s turnover. The counter benefitted from a 28.4% price appreciation to end the day at LKR9.40. Further, Lanka Hospital Corporations benefitted from a number of large trades with possible foreign participation and closed up at LKR47.80.
Foreign purchases amounted to LKR213.8 mn (USD1,619.9 k), whilst foreign sales amounted to LKR245.3 mn (USD1,858.3k). This resulted in a net foreign outflow of LKR31.5 mn being recorded at the end of the day’s trading.
Market capitalization stood at LKR 2,283.6 bn. YTD performance is -1.7%.
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