Stock Market Update... 11th November 2011

The Colombo bourse closed the day in the green with both indices gaining despite recording the lowest year to date turnover. John Keells Holdings emerged as highest turnover generator for the third consecutive day on the back of institutional and high net worth investor activity contributing for circa 25% of the day’s turnover. Further the counter saw circa 260k shares changing hands during the day. Institutional investors were also seen active in Chevron Lubricants, Brown & Company and Sampath Bank whilst Colombo Land & Development witnessed all round investors interest.

Net inflow of foreign funds were seen during the day, where foreign purchases amounted to LKR120.9 mn (USD1,097.1k), whilst foreign sales amounted to LKR26.4 mn (USD239.6k).

TKS Securities (Pvt) Ltd