Saturday, January 15, 2011

CSE gains 2.04% during the week

During the week All Share Price Index (ASPI) gained 140.64 points to close at 7,032.60 points, while the Milanka Price Index (MPI) also gained 14.21 points to close at 7,301.09 points.  The daily average turnover was SLRs.4.07bn compared to SLRs.3.39bn last week and the week ended with foreign buying amounting to SLRs. 1.38bn whilst foreign selling was SLRs.2.05bn.

The bourse reported a total turnover of SLRs.5.05bn on Monday, though the momentous bullish run seen in the market was lost during later trading. Market ended up in differing directions with ASPI gaining 24.89 points and MPI losing 4.93 points. Laugh Gas voting and non voting shares in collaboration generated a high contribution of 18% to the turnover while its non voting share which closed at SLRs.42 up by 14.75% was trapped in the price band. The turnover contribution came in from Sampath Bank amounted to SLRs.403mn by way of two crossings totalling to 1mn shares at SLRs.300 each, while share closing up at SLRs.294.90.  Citrus Leisure W0017 topped as the highest gainer of the day with a 47% positive move in share price to close at SLRs.45.30 while its warrant W0019 was subjected to the price band as its price moved up by 43.22% closing at SLRs.28.50 with 8.6mn shares being traded.

Upsurge in the market continued on Tuesday with ASPI and MPI moving up by 75.86 and 32.75 points respectively recording a total turnover of SLRs.4.47bn. Laugh Gas Limited posed the day’s single largest turnover of SLRs.743mn which is a 16% contribution to the total turnover while closing the share up at SLRs.48.90 with 15.2mn shares being traded. Citrus Leisure share gave in the second largest contribution to the turnover of 8% which included four share crossings totalling to 1.9mn at SLRs.86 each.

On Wednesday the market traversed 7000 stratum as ASPI moved up by 22.14 points. MPI too gained 12.52 points during the day.  Share price of Laugh gas moved up by 10.43% to close at SLRs.54 generating the highest contribution of 15% amounting to SLRs.859mn to the day’s total turnover of SLRs.5.67bn. Distilleries laid in an input of SLRs.383.6mn which included three crossings of total 1.3mn shares at SLRs.178 each and closed down at SLRs.179.30.

Citrus leisure warrants which behaved extrovertly over the last few days, topped up amongst biggest losers of the day with W0017, W0019 and W0018 marking losing moves by 8.75%, 7.62% and 7.28% respectively.  SMB shares and warrants and Panasian power were highlighted as the day’s most aggressively traded counters.

Continuous upsurge that prevailed in the market was lost during early trading on Thursday as the market dipped sharply. The turnover of the day reported as SLRs.3.5bn. Laugh gas which made the largest contribution to the turnover with an input of SLRs.510.2mn (14% contribution) however closed down at SLRs.47.30 with 12.4% down stir, being highlighted amongst major losers of the day. The share of Environmental Resources Plc moved up by SLRs.8.60 during the day, generating the second largest contribution for the turnover amounting to SLRs.209mn. With the marginally recovery experienced during later trading ASPI ended gaining 7.03 points as MPI losing 0.38 points.

During the short trading session on Friday indices moved in different directions with ASPI gaining --- points while MPI lost --- points. Total turnover amounted to SLRs. 17.7bn with Central Finance being the largest contributor.

The counter reported a total turnover of SLRs.167mn which included two crossing amounting to 148,800 shares at SLRs.875.00. Panasian Power recorded the second largest turnover of SLRs.135mn with the counter closing up 11.9% at SLRs. 4.70.

source - www.dailymirror.lk

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