Interest in banking sector continues
Posted on the September 18th, 2012 under Market Reports by NDB Stockbrokers 
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Retail selling pressure witnessed during early hours of trading brought both indices down but recovered during the latter hours of trading to close in green. Both indices gained 42.19 points with moderate gains in comparison to last week. Renewed interest was witnessed in hotel & travel sector and land & property sector counters such as Citrus Kalpitiya, Citrus Leisure, City Housing & Real Estate and Seylan Developments. Meanwhile interest in banking sector counters such as Sampath Bank and Commercial Bank was extended whilst retail participation in penny stocks such as Nation Lanka Finance also continued.
Banking, Finance and Insurance sector was the highest contributor to the market turnover (due to Sampath Bank and Commercial Bank- voting) and the sector index gained 1.31%. The share price of Sampath Bank gained Rs 4.00 (1.90%) to close at Rs 215.00 whilst Commercial Bank- voting’s share price increased by Rs 1.40 (1.21%) to close at Rs 117.00.
Hotel and travel sector became the second highest contributor to the market turnover (Citrus Kalpitiya and Citrus Leisure) and the sector index increased by 0.64%. The share price of Citrus Kalpitiya gained Rs 2.10 (28.38%) to close at Rs 9.50 while the share price of Citrus Leisure appreciated by Rs 3.00 (9.01%) to close at Rs 36.30.
Lanka Hospitals was also among the top contributors for the day. The share price of the counter surged by Rs 5.20 (12.18%) to close at Rs 47.90.
