Stock Market Update... 18th August 2011

The All Share Price Index gained 16.7 points to close at 7,030.9 (+0.2%), whilst the more liquid  Milanka Price Index dipped 26.8 points to close at 6,410.1 (-0.4%).

The total turnover was LKR6,394.5 mn (USD58,205.9k)  vs. 12-month average daily turnover   of LKR2,592.7 mn (USD23,600.0) whilst the volume traded for the day was 196,747.5k against the 12-month average daily volume of 107,080.0k.

Top traded counters were Colombo Land & Development LKR1,627.4 mn (USD14,813.3k, +5.0%), HVA Foods LKR1,012.7 mn (USD9,218.5k, +76.9%), Citrus Leisure LKR544.5 mn (USD4,956.1k, +14.9%), PC House LKR407.1 mn (USD3,705.3k, 7.5%) and Hayleys PLC LKR339.2 mn (USD3,087.5k, -1.2%).

Colombo bourse closed in a mixed note with the broader market closed in the green territory whilst the more liquid Milanka Index shed ground during the day. The top traded counter of the day, Colombo Land & Development contributed for circa 25% to the daily turnover backed by all round investor interest. Further HVA Foods managed to gain +76.9% with renewed all round investor interest whilst Citrus Leisure, PC House and Hayleys PLC witnessed all round investor interest.,

Net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR152.0mn (USD1,383.6k), whilst foreign sales amounted to LKR368.7 mn (USD3,356.1k).


TKS Securities (Pvt) Ltd