The All Share Price Index gained 66.0 points to close at 6,833.1 (+1.0%), whilst the more liquid Milanka Price Index also gained 77.8 points to close at 6,186.7 (+1.3%).
The total turnover was LKR5,737.3 mn (USD52,285.2k) vs.12-month average daily turnover of LKR2618.1 mn (USD23,859.0k) whilst the volume traded for the day was 124,687.1k against the 12-month average daily volume of 105,427.8k.
Top traded counters were Asian Alliance Insurance LKR3,310.1 mn (USD419.2k, +10.1%), Colonial Motors LKR361.7 mn (USD3,296.6k, +5.2%), Orient Garments LKR181.8 mn (USD1,657.2k, +12.0%), East West Properties LKR145.6 mn (USD1,327.1k, +10.0%) and Seylan Developments LKR140.4 mn (USD1,279.1k, -6.1%).
Colombo bourse bounced back to the green territory recording the 2nd highest turnover for the year, with significant gains in both indices. Softlogic PLC acquired 73.5% of Asian Alliance Insurance, which made Asian Alliance Insurance generated 58% of the days’ turnover. Colonial Motors witnessed renewed institutional and high net worth interest during the day. Further, Orient Garments and East West Properties continued to see all round investor participation. However Seylan Developments shed some ground during the day due to retail profit taking.
Net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR177.0 mn (USD1,612.9k), whilst foreign sales amounted to LKR1,048.5 mn (USD9,554.9k).
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