Friday, August 26, 2011

Turnover tops Rs 1.6 bn

Colombo Land & Development Plc (Rs 194.7mn) topped the turnover list today with attractive retail investor participation.

Premier blue-chip, John Keells Holdings Plc recorded the second highest turnover while recording two off-the-floor transactions.

John Keells closed at Rs 210.60, up Rs 6.00. Further, HVA Foods Plc made notable contribution to the daily turnover with an amount of Rs 137.8mn and traded heavily. Softlogic Holdings Plc made a crossing of 951,800 shares at a price of Rs 23.00.

Softlogic Holdings released its quarterly earnings yesterday and it recorded a net profit of Rs 275.5mn for the first quarter of the financial year 2011/2012, which is a growth of 168.6 percent over the comparative quarter earnings.

However the counter closed with no price changes. Meanwhile, counters such as East West Properties Plc, Citrus Leisure Plc warrant 0019 and Singer Finance Plc were among the mostly traded stocks during the day. Foreign participation was lower at 6.5 percent of the total market activity. However at the end of the day foreign investor ended as net buyers with a net foreign inflow of Rs 62.5mn.

Lanka Securities Research
source -

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