As expected, blue chip counters recorded gains pushing the MPI up. However, the momentum may slow down with the end of financial year. Illiquid small and mid cap counters might get attention with the end of the deadline to reduce credit at broking houses.
Bank, Finance & Insurance sector was the main contributor to the market turnover (due to Sampath Bank, Central Finance, Union Bank & HDFC Bank) with the sector index increasing 1.21%.
Sampath Bank was the main contributor to the market turnover with five crossings (2,140,000 shares at Rs 290). The share price increased by Rs 2.10 (0.73%) and closed at Rs 287. Foreign holding of the company increased by 2,302,000 shares. Diversified sector also contributed to the market turnover (due to
John Keells Holdings), with the sector index increasing 0.74%.
Profit taking was witnessed in Ceylon Cold Stores to a certain
extent after making substantial gains over the last couple of days.
Overseas Realty announced a final dividend of Rs 0.30 per share.
source - www.dailymirror.lk
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