Heavy trading on selective sectors

The trading started late yesterday at 10.00 a.m, and subsequently the market gained momentum amidst heavy trading on selective counters. The ASPI edged up 21.95 points or 0.89% to close the day at 2485.77 whilst the MPI climbed up 13.35 points or 0.43% to end the day at 3107.30.

Turnover for the day touched Rs.513.3 million.

Market heavyweight Dialog Telekom (DIAL) dominated both turnover and volume wise after a total of 20.0 million shares changed hands contributing a massive Rs.360.7 million to turnover.

This was mainly due to two crossings on the counter and a total of 18.5 million shares changed hands at a flat price of Rs.18.00. Lanka Tiles (TILE) saw a total of 0.38 million shares been traded in two parcels of 0.18 million and 0.20 million each both at Rs.65.00.

The day saw another crossing on Seylan Bank, (SEYB) where a block of 1.10 million shares changed hands at Rs.9.00.

The counter contributed Rs.25.2 million to the day's turnover. Price gainers slightly outnumbered losers.