Market ends in the red, despite strong activity levels 31st Jan 2011

The All Share Price Index dipped 17.6 points to close at 7,174.9 points (-0.2%), whilst the Milanka Price Index also dipped 31.1 points to close at 7,134.3 points (-0.4%).

The total turnover was LKR3,181.8 mn (USD28,628.8 k)  vs. 12-month average daily turnover of LKR2,577.7 mn (USD23,193.3 k) whilst the volume traded for the day was 87,579 k against the 12-month average daily volume of 89,260 k.

Top traded counters were 

Market opened the week on positive territory but shed ground during the latter half to close in the red. Laugfs Gas (Both Voting & Non Voting) saw strong all round interest during the day where it contributed for circa 24% of day’s turnover. Hayleys saw institutional and high net worth buying whilst Ceylon Grain Elevators witnessed all round investor interest. Asian Alliance saw a block of 600,000 changing hands on the back of institutional interest.

A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR170.6 mn (USD1,535.0 k), whilst foreign sales amounted to LKR262.1 mn (USD2,358.3 k).

TKS Securities (Pvt) Ltd