On Monday indices closed positive as both ASPI and MPI gained 34.29 points and 31.36 points respectively. Richard Pieris Plc reached the top by generating the highest turnover for the day by contributing SLRs.909mn to the day's total turnover of SLRs.4.38bn. The counter was also highlighted as the most heavily traded with approximately 40mn shares traded during the day and closed up 9.35% at SLRs. 15.20. Colombo Fort Land & Building Company closed up SLRs. 44.50 at SLRs. 505.60 generating a turnover of SLRs.247mn while two crossings of JKH amounting to 455,500 shares at SLRs.293 each generated a turnover of SLRs.133.5mn.
Tuesday's turnover was dominated by Ceylinco Insurance which posted a turnover of SLRs.420mn. This included a crossing of 43,600 shares at SLRs.460.00 and another four crossing amounting to 625,000 shares at SLRs.500.00. Counter was also amongst the top gainers for day as it closed up 17.48% at SLRs. 499.30. Richard Pieris Plc which closed up at SLRs.15.50 posted the day's second largest turnover of SLRs. 406mn. Market closed with the ASPI gaining 3.94 points while MPI closed down 12.76 points. Total turnover for the day amounted to SLRs.4.3bn.
Indices changed direction on Wednesday as ASPI closed down 7.66 points while MPI closed up marginally with 4.66 points. Commercial Bank posted the day's largest as over 4.1mn shares were traded generating a turnover of over SLRs.1.1bn. This included nine crossings amounting to 3,909,850 shares at SLRs. 277.00, out of which approximately 3.4mn shares were bought by the Employees Provident Fund. Ceylon Grain Elevators continued to be heavily traded generating the day's second largest turnover of SLRs.266mn while the counter closed up SLRs.17.80 at SLRs. 239.00. Hemas Holdings was actively traded with approximately 4mn shares changing hand while the counter closed up 10%. Total turnover for the day amounted to SLRs.4.4bn.
Market gathered momentum on Thursday with both ASPI and MPI closing up 116.18 points and 26.61 points respectively as the total turnover amounted to SLRs.4.9bn. Commercial Bank posted the day's largest turnover for the second consecutive day as Employees Provident Fund bought over another stake of approximately 1mn shares at SLRs.277.00. More than 2.3mn shares of the counter were traded generating a turnover of SLRs.646mn while the counter closed up marginally by SLRs.0.90. Retail favourite Ceylon Grain Elevators closed up marginally with over 1.7mn shares traded generating day's second largest turnover of SLRs.418mn.
Market surge continued on Friday with ASPI picking up 93.01 points while MPI closed up 29.45 points. Total turnover for the day amounted to SLRs. 3.8bn to which the biggest contribution came from Kelani Tyres Plc with more than 14.8mn share traded between SLRs.58.00 and SLRs.69.00. Colombo Fort Land & Building Company continued to attract investor interest as it generated the day's second largest turnover of SLRs.192mn. Dialog Axiata closed up SLRs. 0.50 making a significant contribution of SLRs.125mn to the day's turnover as the company released their FY2010 financial statements reporting a net profit of over SLRs.5bn
With more companies to release better than expected earnings during the coming week we expect the market to reach further highs.
source - www.dailymirror.lk
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