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Milanka Price Index gained 155.48 points

Posted on the September 11th, 2012 under Market Reports by

The All Share Price Index rose 95.18 points to close at 5,592.03 (1.7%) while the Milanka Price Index gained 155.48 points to close at 5,248.84 (3.1%).

Total turnover for the day stood at LKR1,894.3 mn (USD14,311.5 k) vs. 12-months average daily turnover of LKR1,113.1 mn (USD8,409.8k), whilst the volume traded for the day was 136,857 k against the 12-months average daily volume of 46,409 k.

Top contributory counters towards the turnover for the day were HVA Foods LKR126.0 mn (USD951.6k, 25.5%), Environmental Resources Investments LKR73.0 mn (USD551.5k, 3.0%), John Keells Holdings LKR70.2 mn (USD530.2k, 2.4%), Sampath Bank LKR62.1mn (USD469.2 k, 4.9%), Pan Asia Bank LKR55.2 mn (USD416.7 k, 2.0%) and Colombo Land & Development LKR49.4 mn (USD373.1 k, 9.1%).

The Colombo bourse witnessed retail and high net worth investors actively getting involved in today’s trading, across the board, while gainers for the day exceeding losers. Retail and high net worth investor sentiments led HVA Foods to top the list in terms of highest turnover counter for the day to realize a massive price gain of 25.5%. Mixed interest was seen on fundamentally strong counters such as, John Keells Holdings, Sampath Bank and Pan Asia Bank, while retail investors were keen on Colombo Land & Development. Apart from the above, 0.5% equity (1,875 k shares) of Environmental Resources Investments got traded in a single block at a price of LKR16.00 per share. However, profit taking was not strongly witnessed during the day, while buying side continued to strengthen.

Foreign purchases amounted to LKR166.7 mn (USD1,259.8k), whilst foreign sales amounted to LKR127.9 mn (USD966.2k). This resulted in a net foreign inflow of LKR38.8 mn being recorded at the end of the day’s trading.

Market capitalization stood at LKR 2,138.3 bn. YTD performance is -7.9%.

Download the full report (PDF, 970KB)

 

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