Stock Market update. 10th Jan 2011

The All Share Price Index gained 24.7 points to close at 6,916.6 points (+0.4%), whilst the Milanka Price Index dipped marginally to close at 7,281.8 points (-0.1%).
 

The total turnover was LKR5,051.5 mn (USD45,517.2 k) vs.12-month average daily turnover of LKR2,435.2 mn (USD21,647.3k) whilst the volume traded for the day was 187,516.6 k against the 12-month average daily volume of 79,570.0 k.
 

Top traded counters were
 

Laugfs Gas (Voting) LKR581.2 mn (USD5,236.9 k,+14.7%)
Sampath Bank  LKR408.5 mn (USD3,680.8 k,+1.4%),
Ceylon Investment LKR346.2 mn  (USD3,119.5 k,+5.8%),
Laugfs Gas (Non-Voting) LKR319.9 mn (USD2,882.5 k,+25.8%)
 Renuka Holdings LKR235.3 mn (USD2,120.2k,+5.4%)

Market saw healthy activity levels, despite few blue chips losing ground. Laugfs Gas (Voting and Non-voting) saw a mix of institutional and retail interest with circa 14 mn voting shares changing hands during the day. High-net worth investors and institutions were active on Sampath Bank. Ceylon Investments saw renewed buying interest whilst institutional play was evident in Renuka Holdings during the day.

Net outflow of foreign funds was seen during the day, where foreign purchases amounted to LKR368.6 mn (USD3,321.3 k), whilst foreign sales amounted to LKR453.1 mn (USD4,082.7 k).

 Market capitalization is at LKR2,305.7 bn. YTD market performance is up 3.9%.