Tuesday, August 9, 2011

Grain Elevators top contributor

High volatile trading day prevailed in the Colombo stock market yesterday. The market recorded heavy losses in early trading and recovered successfully in the latter part of the day to end green.

ASI gained by 55.68 points (+0.82%) to end at 6,806.97 while liquid MPI increased by 45.78 points (+0.74%)to close at 6,198.01.

The market turnover of stood at Rs 1.8 million.

Ceylon Grain Elevators Plc (Rs.380.8mn) emerged as the top contributor to the turnover with heavy trading along with Bairaha Farms Plc (Rs 68.9mn) and Guardian Capital Partners Plc (Rs 67.4mn).

Three Acre Farms Plc, Citizen Development Bank Plc and Vallibel One Plc displayed active trading. Foreign participation amounted to 5.0 percent of the total market activity.

Lanka Securities Research

source - www.dailynews.lk

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