SEC Directive makes the Bourse Zealous - 30th Nov 2010

The All Share Price Index made an impressive gain of 177.8 points to close the day at 6,434.6 points (+2.8%), whilst the Milanka Price Index also dipped 170.4 points to close at 6,988.5 points (+2.5%).

The total turnover was LKR4,880.6 mn (USD43,776 k) vs. 12-month average daily turnover of LKR2,329.6 mn (USD20,895 k) whilst the volume traded for the day was 322,466 k against the 12-month average daily volume of 69,030 k.
 

Top traded counters were Seylan Bank (Voting) LKR1,250 mn (USD11,212 k, +7.1%), Asiri Hospitals LKR810 mn (USD7,265 k 5.8%), Cargills LKR594 mn (USD5,328 k, +1.2%), John Keells Holdings LKR255 mn (USD2,287 k, +2.1%) and Central Finance LKR97.9 mn (USD878 k, 1.1%)
 

The Colombo bourse entered a zealous mode following the SEC directive. SEC granted permission for the brokers to reduce their current debtor’s position by at least 50% by 31st March 2011 and by 100% latest by 30th June 2011 subsequent to the representation made by the brokers. Improved activity was seen in Seylan Bank (Voting), where a near 9% block was seen changing hands between two local institutions.  Asiri Hospital also saw strong high net worth buying during the day, where a 10% stake was seen changing hands. Institutional interest was continued in Cargills. Heavy weight John Keells Holdings saw institutional and high net worth interest during the day whilst Central Finance enticed institutional investor interest.
 

The day saw a net inflow of foreign funds, where Foreign purchases amounted to LKR463.0 mn (USD4,153 k), whilst foreign sales amounted to LKR231.2 mn (USD2,074 k).
 

Market capitalization is at LKR2,132.0 bn.YTD performance is 90%.
 

TKS Securities (Pvt) Ltd