The Colombo bourse took breather
Posted on the September 12th, 2012 under Market Reports by Asia Wealth Management 
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The All Share Price Index lost 1.1 point to close at 5,590.9 (-0.02%) while the Milanka Price Index also shed 29.1 points to close at 5,219.7 (-0.6%).
Total turnover for the day stood at LKR1,992.4mn (USD15,053 k) vs. 12-months average daily turnover of LKR1,107.5mn (USD8,3675.0k), whilst the volume traded for the day was 140,147k against the 12-months average daily volume of 46,271k.
Top contributory counters towards the turnover for the day were HVA Foods LKR194.2mn (USD1,467.2k, 6.2%), Citrus Leisure LKR170.9mn (USD1,290.9k, 7.3%), Serendib Hotel LKR154.7mn (USD1,168.6k, 6.1%), Pan Asia Bank LKR83.7mn (USD632.3k, – 2.0%), and Commercial Bank Non- Voting LKR75.4mn (USD570.0k, 4.2%).
The Colombo bourse took breather towards a correction where both indices nosedived to close in red, after galloping for ten consecutive days. Within the period the bench mark ASI gained 10.2% with offering hefty gains while curing the wounds of investors. Despite the volatility witnessed during the day, very strong activities were seen registering a turnover close upon LKR2bn whilst, number of trades recorded was over 29k. Retailers sought after their favourites where over 10mn shares of HVA foods were traded with counter gaining attractive 6.2% to close the day at LKR18.80. Citrus Leisure saw a single crossing of 700k shares at LKR 35.3. Subsequent to the crossing, counter emerged as the second highest contributor for the day appreciating 7.3% to close at 33.70 whilst Serendib Hotels too experienced aggressive trading. Moreover, crossing of 3mn shares at LKR22.0 was seen on Pan Asia Bank, which brought the counter to be amongst the top contributors list while, some block transactions witnessed on Commercial Bank Non- Voting shares led the counter to gain 4.2% to close the day at LKR89.5.
Foreign purchases amounted to LKR334.5mn (USD2,527.4k), whilst foreign sales amounted to LKR86.8mn (USD655.8k). This resulted in a net foreign inflow of LKR247.7mn being recorded at the end of the day’s trading.
Market capitalization stood at LKR 2,137.9bn. YTD performance is -8.0%.
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