Stock market swung between the positive and negative terrain in morning trade and ended in green position.
Benchmark ASI gained 11.98 index points (+0.18 percent) to close at 6,505.56 while more liquid MPI closed at 5,943.91, up 15.46 (+0.26 percent) index points. Daily market turnover stood at Rs 2.0 billion.
Browns and Company made the strongest contribution to the market turnover which accounted for nearly 38 percent of the total turnover.
Rs 744.5 million turnover was recorded by Browns & Company with 2.5 million shares changed hands as seven crossings at a price of Rs 290.0 per share. Browns & Company reached the high of Rs 294.00 and closed at Rs 285.00, down Rs 6.00.
Amana Takaful made the second highest contribution to the turnover with an amount of Rs 301.4 million. Amana also recorded an off-the-floor deal of 150 million shares at a price of Rs 2.00 per share which is accounted for 15 percent of the total issued shares of the company. Amana closed at Rs 2.20, up Rs 0.10.
Swarnamahal Financial Services was the actively traded counter during the day and ended with 3rd highest contribution to the daily turnover (Rs 158.8 million). Swarnamahal Financial Services reached the high of Rs 127.50 and closed at Rs 126.00, up Rs 13.50.
Further counters such as First Capital Holdings, Brawns Investments and Gardian Capital Parthers depicted active trading during the day. First Capital Holdings today announced an interim dividend of Rs 2.00 per share for financial year 2011 and 2012.
Foreign participation further dropped to 3 percent of the total market activity. Foreign investors ended as net sellers with a net foreign outflow of Rs 10.2 million.
Lanka Securities Research
source - www.dailynews.lk
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