Daily Mirror - Print Edition

Stock Market Update... 26th April 2011

27 Apr 2011 - {{hitsCtrl.values.hits}}      

The All Share Price Index gained marginally to close at 7,349.2 points (+0.1%), whilst the Milanka Price Index dipped 18.7 to close at 6,836.5 points (-0.3%).

The total turnover was LKR1,392.8 mn (USD12,672.4 k) vs.12-month average daily turnover of LKR2,962.4 mn (USD26,882.0 k) whilst the volume traded for the day was 51,215.5 k against the 12-month average daily volume of 98,440.0 k.

Top traded counters were Commercial Bank LKR387.4 mn (USD3,515.4 k, -1.3%), Nations Lanka Finance LKR94.4 mn (USD856.6 k, -2.5%), Central Finance LKR49.9 mn (USD452.8 k, -2.1%), Lankem Ceylon LKR43.2 mn (USD392.0 k, -0.4%) and Brown & Company LKR41.1 mn (USD372.9 k, +1.0%).

Market closed on a mixed sentiment where few blue chips lost ground during the day. Commercial Bank saw renewed institutional interest and contributed for circa 28% of day’s turnover. Further the counter saw over 1.4 million shares changing hands during the day. Nations Lanka Finance saw retail interest whilst all round investors were seen active in Central Finance and Lankem Ceylon. Further mixed investor participation was evident in Brown & Company during the day. 

Net outflow of foreign funds was seen during the day, where foreign purchases amounted to LKR167.5 mn (USD1,519.9 k), whilst foreign sales amounted to LKR444.6 mn (USD4,034.5 k).

TKS Securities (Pvt) Ltd