Dialog drives days trading….29th Dec 2010

 The All Share Price Index gained a tad to close at 6,646.9 points (+0.1%), whilst the Milanka Price Index also gained a tad to close at 7,074.8 points (+0.2%).
 

The total turnover was LKR1,505.3 mn (USD13,561.3 k)  vs. 12-month average daily turnover of LKR2,391.2 mn (USD21,542.3 k) whilst the volume traded for the day was 90,467 k against the 12-month average daily volume of 74,470 k.

Top traded counters were 

Colombo bourse opened the day on a negative note but recovered during the afternoon session to close in the green.  Heavy weight Dialog Axiata emerged as the top contributor for the day on the back of foreign institutional interest where the counter contributed to circa 37% of day’s turnover. Poultry sector counters such as Three Acre Farms and Bairaha Farms witnessed mixed interest during the day where the two counters recorded impressive price gains. Commercial Bank saw institutional interest whilst E Channeling enticed high net worth and retail interest. Renewed investor interest was evident in plantation sector counters such as Kotagala (up 10.3%), Namunukula (up 5.8%), Elpitiya (up 8.0%) and Balangoda (up 5.4%). 

A marginal net inflow of foreign funds were seen during the day, where foreign purchases amounted to LKR599.0 mn (USD5,396.4 k), whilst foreign sales amounted to LKR597.7 mn (USD5,384.7 k).

Market capitalization is at LKR2,213.9 bn. YTD market performance is up 96.3%.

TKS Securities (Pvt) Ltd