Heavy profit booking was witnessed across the board
Posted on the September 20th, 2012 under Market Reports by Asia Wealth Management 
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The All Share Price Index shed 61.7 points to close at 5,849.1 points (-1.04%), whilst the Milanka Price Index also lost 54.2 points to close at 5,488.7 points (-0.9%).
Total turnover for the day was LKR1,222.3 mn (USD9,233.1 k) vs. 12-months average daily turnover of LKR1,104.3 mn (USD8,334.9 k) whilst the volume traded for the day was 70,647 k against the 12-months average daily volume of 44,788 k.
Top contributory counters towards the day’s turnover were John Keells Holdings LKR227.5 mn (USD1, 717.3k, 0.5%), Nations Finance LKR72.7 mn (USD548.6 k, -3.3%), Browns Beach Hotels LKR 57.5mn (USD433.5 k, 7%), Central Investment and Finance LKR47.9mn (USD361.2 k, -24.5%) and Lanka Hospitals Corporation LKR31.6 mn (USD238.8 k, -1.1%).
The bourse continued to lose its momentum for the second consecutive day where all share indexes fell below 5,900 support level. Heavy profit booking was witnessed across the board towards the latter part of the day. Heavy weight John Keells Holdings encountered two strategic crossings where a cumulative 200K shares were traded at a price of LKR218. The counter emerged in the top turnover calibre with a total contribution of 19% for the day’s total tally. Nations Finance managed to lure high retailer interest for the second consecutive day to become the 3rd highest traded counter. However counter ended with a price dip of -3.3% to close the day at LKR14.50. In addition Browns Beach Hotels made an attractive price gain of 7% and reached 52 week highest traded price during the course of the day. Furthermore adding further muscle to the daily turnover Sampath Bank also saw an off market deal of 100K shares being transacted at a price of LKR210.
Foreign purchases amounted to LKR235.4 mn (USD1, 776.7 k), whilst foreign sales amounted to LKR45.6 mn (USD344.5 k).
Market capitalization stood at LKR2, 237.7 bn. YTD performance is –3.7%.
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