The All Share Price Index (ASPI) was uneasily in green during early trading hours yesteday while the Milanka was more in red. However, profit taking across the board closed the ASPI deeper in the red.
Bank, Finance & Insurance (due to NDB) and Manufacturing (due to Piramal Glass) sectors were the highest contributors to the market turnover. Bank Finance & Insurance index decreased by 0.56% while Manufacturing sector index increased by 0.40%.
NDB Bank made the highest contribution to the market with three crossings of 1,091,000 at Rs 353. The share price increased by Rs 4.00 (1.14%) and closed at Rs 353. Interest might have been generated by the sub-division which is to take effect from 30 March 2011.
Laugfs Gas (Non-voting) surprisingly attracted institutional and high net worth investors, despite Petroleum Ministry’s decision to withdraw exclusive rights, given to the company to buy the entire LPG production of Ceylon Petroleum Corporation.
Retail investors showed interest in Distilleries amidst the selling of the stake in “Lanka Hospitals” at a substantial capital gain.
Guardian Capital Partners which has risen in an unnatural manner over the last few week,s topped the negative contributors.
source - www.dailymirror.lk
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