Stock Market Continues Spiraling Down…07th Dec 2010

The All Share Price Index dipped 37.2 points to close at 6,469.1 points (-0.6%), whilst the Milanka Price Index also dipped 38.4 points to close at 6,937.8 points (-0.6%).


Top traded counters were

Colombo bourse continued its downward trend although strong activity levels  were evident during the day. Lanka Hospitals saw institutional interest during the day where the counter contributed for circa 54.0% of day’s turnover. Counter also saw a near 15.6% stake changing hands during the day. Seylan Bank and Distilleries witnessed institutional participation whilst heavy weight John Keells Holdings was institutional and high net worth interest. Retail activity continued in Piramal Glass.

A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR123.0 mn (USD1,104.9 k), whilst foreign sales amounted to LKR403.5 mn (USD3,624.5 k).

Market capitalization is at LKR2,143.3 bn. YTD market performance is up 91.1%.


TKS Securities (Pvt) Ltd