Daily Mirror - Print Edition

Market Ended in the Green – 24 / 11 / 2010

24 Nov 2010 - {{hitsCtrl.values.hits}}      

  • The All Share Price Index gained marginally to close at 6,462.1 points (+0.1%), whilst the Milanka Price Index also gained 18.8 points to close at 6,999.2 points (+0.3%).

  • The total turnover was LKR2,446.9 mn (USD21,959.1 k)  vs. 12-month average daily turnover of LKR2,295.2 mn (USD20,597.7 k) whilst the volume traded for the day was 103,779 k against the 12-month average daily volume of 65,950 k.

  • Top traded counters were John Keells Holdings LKR672.0 mn (USD6,030.7 k, -0.1%), Cargills  LKR394.9 mn (USD3,543.9 k , +0.3%), Commercial Bank LKR313.9 mn (USD2,817.0 k, +1.5%), Colombo Dockyard  LKR294.9 mn (USD2,646.5 k, +0.3%) and Sampath Bank LKR66.5 mn (USD596.8 k, +0.1%)

Market ended in the green today where strong participation was seen in blue chip counters. Heavy weight John Keells Holdings saw foreign interest during the day where it contributed for circa 27.5% of day’s turnover. Commercial Bank and Colombo Dockyard witnessed institutional and high net worth interest where Colombo Dockyard saw a stake of a near 1.5% changing hands during the day. Further improved interest was seen in Cargills and Sampath Bank. Investors continued to be active on banking sector and diversified companies where the sectoral contributions stood at circa 29.4% and 28.4% respectively for the day’s turnover.

A net inflow of foreign funds were seen during the day, where foreign purchases amounted to LKR790.3 mn (USD7,092.3 k), whilst foreign sales amounted to LKR785.0 mn (USD7,044.8 k).

Market capitalization is at LKR2,139.1 bn. YTD market performance is up 90.9%.