Daily Mirror - Print Edition

Looking South…..07th March 2011

07 Mar 2011 - {{hitsCtrl.values.hits}}      

The All Share Price Index dipped 82.2 points to close at 7,582.5 points (-1.1%), whilst the Milanka Price Index also dipped 13.5 points to close at 7,015.8 points (-0.2%).
 

The total turnover was LKR3,104.7 mn (USD28,086.7 k) vs.12-month average daily turnover of LKR2,765.5 mn (USD25,018.1 k) whilst the volume traded for the day was 133,223.6 k against the 12-month average daily volume of 92,910.0 k.
 

Top traded counters were National Development Bank LKR398.2 mn (USD3,602.3 k, +1.1%) Laugfs Gas (Non-Voting) LKR395.0 mn (USD3,573.4 k, +1.4%), Piramal Glass Ceylon LKR300.6 mn (USD2,719.4 k, +11.0%), Distilleries LKR291.3 mn (USD2,635.2 k, +3.2%) and Nawaloka Hospitals LKR279.0 mn (USD2,523.9 k, +4.6%).


Colombo bourse closed the week in the red territory where both indices lost ground though strong turnover levels were seen during the day. National Development Bank emerged as a top trader on the back of institutional participation and contributed for circa 13% of day’s turnover. Further the counter also witnessed a near 2% stake changing hands during the day. Laugfs Gas (Non-Voting) saw circa 10% stake changing hands with mixed investor sentiment whilst Piramal Glass Ceylon and Distilleries saw renewed buying interest on the back of institutional and high net worth participation. Further strong interest was evident in Nawaloka Hospitals where the counter saw near 62 million shares changing hands during the day.

Net inflow of foreign funds was seen during the day, where foreign purchases amounted to LKR596.4 mn (USD5,395.3 k), whilst foreign sales amounted to LKR584.8 mn (USD5,290.4 k).



TKS Securities (Pvt) Ltd