The daily turnover average for the week was Rs 5.47 billion as against last week's daily turnover average of Rs 3.79 billion, an increase of 44 percent.
The daily average volumes traded this week saw a considerable increase from that of the previous week, with 141.99 million shares seen changing hands this week as against the 107.89 million shares recorded last week. Market capitalization as at the end of the week stands at Rs 2,525.63 billion recording a 3.2 percent growth from last week's close of Rs 2,445.78 billion.
Oil palm sector indices recorded a substantial gain today bringing the week on week gain to 36,842 points to close at 143,491 up 34.5 percent, while Investment Trusts also saw indices this week gaining 5,887.45 points from last week, an upward movement representing 14 percent gain to close at 47,657.07, as counters such as Guardian Capital, CIT and CFI saw their scrip prices influencing the upward movement of this index.
Stores Supplies was the other index that gained 1,966 points or 2.5 percent week on week to close at 78,697.92.
As for turnover, the Banking sector represented 23.51 percent of this week's turnover at Rs 5.14 billion with the sale of stocks in Commercial Bank and Ceylinco Insurance, while the Manufacturing sector's contribution to turnover amounting to Rs 4 billion or 18.34 percent backed by sales of shares in Kelani Tyres, Grain Elevators and Royal Ceramics.
Diversified sector, with highlights in Richard Pieris, JKH and Hemas, contributed 17 percent to this week's turnover amounting to Rs 3.7 billion. Market activity by volume was also led by the Banks, Finance and Insurance sector amounting to 26.43 percent while Diversified contributed 18.12 percent and Manufacturing led by Piramal, and Kelani Tyres amounted to 14.35 percent of total volumes.
Commercial Bank recorded as the top contributor in turnover this week, generating 9.23 percent of the aggregate market turnover of Rs 2.02 billion on the strength of EPF's investment in the counter.
The share closed at Rs 277.20. Richard Peiris closed the week at Rs 15.30, bringing in a turnover of Rs 1.3 billion, or 5.9 percent while Fort Land which closed at Rs 552.60 representing 4.5 percent of aggregate turnover with Rs 983 million.
Singalanka topped the list of Price Gainers this week, with the share price rising by 142.9 percent over previous week to close at Rs 449.4 from opening price of Rs 185. Colombo Investment Trust witnessed a rise in price by 100.5 percent against last week with the share price closing at Rs 703.6. Morrisons (Non Voting), CFI and Guardian Capital were other top gainers during the week.
Vallibel Finance share price showed a decrease of 44.8 percent to close at Rs 60.6. PC House and Tangerine also recorded decrease of 18.1 percent and 10.7 percent respectively over previous week's price to close at Rs 22.10 and Rs 98. Foreigners were net sellers, continuing the selling pressure seen previously with a total net selling of Rs 457 million. Average foreign purchase increased by 39.6 percent week on week, amounting to Rs 251 million while average selling witnessed a significant increase of 203.8 percent against last week with Rs 709 million recorded this week.
source - www.dailynews.lk
No comments:
Post a Comment