Daily Mirror - Print Edition

Volatility Continues…. 23rd March 2011

23 Mar 2011 - {{hitsCtrl.values.hits}}      

The All Share Price Index dipped 13.2 points to close at 7,207.1 points (-0.2%), whilst the Milanka Price Index gained 79.1 points to close at 6,775.9 points (+1.2%).
 

The total turnover was LKR2,981.7 mn (USD26,996.0 k)  vs. 12-month average daily turnover of LKR2,790.1 mn (USD25,261.2 k) whilst the volume traded for the day was 49,619.7 k against the 12-month average daily volume of 92,363.2 k.

Top traded counters were LB Finance LKR421.4 mn (USD3,815.3 k, +11.5%), Central Finance LKR311.0 mn (USD2,815.8 k , -0.9%), Distilleries LKR211.6 mn (USD1,915.8 k, 0.0%), Vallibel Finance LKR206.3 mn (USD1,867.8 k, -1.5%) and Brown & Company LKR201.7 mn (USD1,826.2 k, +10.3%)
 

Broader market opened the day in green but shed ground during the latter part of the day to close in the red. However investors were seen active on blue chip counters which drove the more liquid Milanka Price Index. LB Finance saw renewed institutional and high net worth buying interest during the day whilst all round buying interest was evident in Brown & Company. All round investor activity was seen in Central Finance and Vallibel Finance. Further Institutions were seen active on Distilleries.  A net outflow of foreign funds were seen during the day, where foreign purchases amounted to LKR108.5 mn (USD982.3 k), whilst foreign sales amounted to LKR477.6 mn (USD4,324.1 k).


TKS Securities (Pvt) Ltd