Strong Momentum Continues…..05th Jan 2011

The All Share Price Index gained 53.2 points to close at 6,755.1 points (+0.8%), whilst the Milanka Price Index also gained 62.1 points to close at 7,156.2 points (+0.9%).

The total turnover was LKR3,580.4 mn (USD32,253.0 k)  vs. 12-month average daily turnover of LKR2,415.5 mn (USD21,759.3 k) whilst the volume traded for the day was 331,562 k against the 12-month average daily volume of 76,680 k.

 Top traded counters were 

 Market traded strong during the day where interest was seen across the board. Citrus Leisure continued to attract retail interest to emerge as the top trader for the day. Laugfs Gas saw renewed buying interest on the back of company entering into a joint venture agreement with Bharat Petroleum Ltd to introduce metal cutting gas in Sri Lanka. Strong investor interest was seen in Richard Pieris whilst institutional and high net worth interest was evident in Bairaha Farms and Grain Elevators.

 A 10% price band was imposed on PC House today whilst Pan Asian Power would be listing its 500 mn shares pursuant to the IPO on 7th January 2011.  

  A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR181.5 mn (USD1,635.0 k), whilst foreign sales amounted to LKR268.2 mn (USD2,416.0 k).

  Market capitalization is at LKR2,250.0 bn. YTD market performance is up 1.8%.