Stock Market Update... 15th August 2011

Top traded counters were Colonial Motors LKR186.1 mn (USD1,697.4k, +16.6%), PC House LKR100.2 mn (USD913.7k, +3.3%), John Keells Holdings  LKR76.7 mn (USD699.7k, +0.8%), Odel  LKR66.9 mn (USD609.8k, -1.5%) and Aitken Spence Hotel Holdings LKR59.6 mn (USD543.6k, -0.5%).

Colombo bourse closed in the green with both indices gaining marginally during the day. The top traded counter of the day, Colonial Motors gained 16.6% contributing for circa 13% of the daily turnover backed by all round investor interest. PC House witnessed renewed all round investor interest whilst both institutional and high net worth investors were active on John Keells Holdings. Further Odel witnessed all round investor interest whilst Aitken Spence Hotel Holdings attracted institutional investor interest during the day.

Net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR64.5 mn (USD588.1k), whilst foreign sales amounted to LKR115.3 mn (USD1,051.3k).



TKS Securities (Pvt) Ltd