"The bourse opened the week on a sluggish note," DNH Financial said.
The All Share Price Index closed 5.83 points higher at 5,915.90 while the S&P SL20 closed 0.53 percent higher, gaining 16.75 points to 3,194.91. The Milanka Price Index of more liquid stocks closed in the red, down 0.64 percent, losing 35.59 points to 5,498.72.
Earlier in the day, the ASPI had fallen to a low of 5,902.04 points.
"The indices ended on a mixed note amid lower activity levels with trades centred on banking, finance, beverage and tobacco counters accounting for a majority of the day’s turnover," John Keells Stockbrokers said.
There was a net foreign inflow of Rs, 87.35 million with purchases amounting to Rs. 257.08 million.
The biggest mover, SFCL (Senkadagala Finance) closed a sharp 150 percent higher gaining Rs. 30 to Rs. 50 on 100,000 shares changing hands during the day.
SMOT (Sathosa Motors) closed at Rs. 250, up 39.95 percent from the previous close on a volume of 1,595 shares.
CTCE (Aviva NDB Insurance) gained 18.12 percent to close at Rs. 440 with 57,664 changing hands.
CERA (Lanka Ceramic) closed 15.64 percent higher on just 31 shares at Rs. 71.90.
SIL (Samson International) fell 17.08 percent on just one share, closing at Rs. 92.20 while TANG (Tangerine Beach Hotels) closed 12 percent lower at Rs. 70.40 on two shares.
"We expect the market to trade sideways over the next few days with a generally upward bias although profit taking may result in intermittent downward pressure on the bourse. With the 3Q2012 corporate results in the offing, we advise investors to carefully select stocks that are likely to report healthy asset growth and sustainable earnings over a complete market cycle," DNH Financial said.
source - www.island.lk
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