The Colombo shares showed signs of improvement yesterday with both indices recording gains. ASI gained 33.40 points (+0.46 percent) to close at 7,226.12 while liquid MPI jumped by 62.96 points (+0.92 percent) to end trading at 6,874.74.
Daily market turnover stood at Rs 2.2 billion.
Sampath Bank Plc was the top contributor to the turnover with an amount of Rs 687.4 million. The counter recorded five crossings of 2.1 million shares at a price of Rs 290.00. Furthermore Central Finance Company Plc (Rs 155.8 million) and Union Bank Plc (Rs 90.2 million) made notable contributions to the daily turnover. In the meantime Guardian Capital Partners Plc, Ceylon Grain Elevators Plc and PC House Plc attracted heavy investor interest during the day.
High foreign activity level was seen during the day and foreign participation was 20.4 percent of the total market activity. At the end of the day foreign purchases outweighed foreign selling by Rs 692.4 million after 10 consecutive days.
Price appreciation in index heavy counters such as John Keells Holdings Plc (up Rs 6.10), Bukit Darah Plc (up Rs 12.40) and Hatton National Bank Plc (up Rs 10.00) pulled up the overall market performances. - Lanka Securities
source - www.dailynews.lk
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