The Colombo bourse closed on a higher note yesterday, its main price index almost touching 7000 points, followed by active retail trading. The All Share Price Index closed at 6,992.71, up 1.1 percent while the Milanka Price Index closed at 7,314.70, up 0.45 percent.
The biggest contributor for the day was Laugfs PLC with its voting shares closing at Rs.48.90, up Rs.6.90 with over 15 million shares traded. Non-voting shares of the same closed at Rs. 41.20, up Rs.3.70 with six million shares changing hands.
Retail interest in poultry stock continued with Bairaha Farms and Grain Elevators shares closing Rs.16.50 and Rs. 11.40 up, respectively.
The announcement of rights issue of Watapotha Investment Plc (WAPO) made the counter the top gainer of the day. WAPO closed at Rs.2,240.00, up Rs.1,440.00(+180%).
Meanwhile Laugs Gas PLC, Odel PLC and Citrus Leisure PLC were the heavily traded counters during the day.
Relatively low foreign participation level was witnessed during the day and it accounted for 6.6% of the total market activity. At the end of the day foreign investors were net sellers with a net foreign outflow of Rs.177mn.
Price bands on REFF, LGL
Colombo Stock Exchange imposed 10 percent prices bands on the shares of Citrus Leisure PLC (REEF W) and Laugfs Gas (LGL X) Limited PLC. The price bands are scheduled to expire on February 11, 2010.
A price band imposed on IT company PCH, the first price band in the year 2011 that was imposed on January 5, will expire in January 26
source - www.dailymirror.lk
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