07.02.2011 - Sri Lankan shares hit high on Monday with heavy trading seen in Richard Pieris & Company and more interest in Rubber intensive plantations and poultry shares, analysts said .
“The market activity and turnover were relatively high with positive investor sentiment today and lot of profit taking was seen in rubber intensive plantation, and poultry sectors with more retail buying “, Vidushan Premathiratne ,Senior Investment Advisor Asha Phillip Securities Ltd told Times Online.
He said that High prices for tea, rubber and palm oil have drawn investors to plantations firms such as Kegalle . Agalawatte and Kotagala. Investors have also been buying into poultry firms like Three Acre Farms and Bahiraha Farms Ltd.
The All Share Price Index closed at 7,381.10, up 34.29 points while the more liquid Milanka index rose 31.36 points to close at 7,211.85 , according to stock exchange provisional figures.
Turnover was Rs. 4.39 billion and the share volume was 122.89 million.
Richard Pieris & Company, which has plantations firms, as well as retail and rubber manufacturing, was the most actively traded stock, with 40 million shares traded , and its share closed at Rs. 15.10 rupees, up Rs. 1.10 . Richard Pieris has made the highest contribution of Rs. 553.1million to the turnover. Colombo Fort Land was the second highest contributor with Rs.243.44 Million and its share closed at Rs.515.00 up Rs. 49.40, with 49.6 million hares changing hands. JKH Closed at Rs. Rs.294.00 up 50 cents making a contribution of Rs. 190.6 million to the turnover , with 620,000 shares traded., brokers said. (BS)
source - www.sundaytimes.lk
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