Averts negative impact:

Super gains on Monday

Albeit, a huge jump in the ASPI on Monday, the index started to drop for the rest of the week with a sharp dip of 1.3 percent on Thursday. The ASPI (All Share Price Index) ended the week with a gain of 0.09 percent or 3.2 points at 3709.9 points while the MPI (Milanka Price Index) dropped by 1.25 percent or 53.4 points to close at 4215.8 points on Friday.

GREG was the highest contributor to the week’s turnover, contributing approximately Rs. 1.1 billion; the counter witnessed active trading throughout the week.

GREG volumes for the week stood at 4.7 million, where there were high appreciations in price up till mid week and the dip in price starting from Wednesday. Nevertheless, the counter closed at Rs. 207.00, with the share price appreciating 15.6 percent Week-On-Week.

Apart from the above, Touchwood and Kshatriya Holdings contributed considerably to the week’s turnover. Touchwood contribution was approximately Rs.918.4 million and Kshatriya was Rs.711.3 million to the total turnover, with approximately 6.6 million, Touchwood and 65.2 million Kshatriya shares trading during the week. Touchwood saw major portion of their volume, being traded during mid week while high turnover for Kshatriya towards the end of the week.

Touchwood saw its price appreciating moderately by 22.1 percent to close at Rs.127 per share this week, while Kshathriya ended the week at Rs.11.25 per share up by 28.5 percent Week-On-Week.

After impressive results on the third quarter and 10 for one share sub division Sunshine Holdings continued to hit a market price of Rs 742.50. Since this week it has gained by Rs 573.00 a gain of 337 percent compared to last week, ending up to be the top price gainer for the week.

Turnover for the week totaled Rs.9.5 billion, which was an increase of 31.6 percent compared to last week due to heavy retail buying. Conversely, average daily turnover too for the week increased by 31.6 percent to Rs.1.8 billion during the week. Foreign investors remained net sellers for yet another week, standing at a net amount of Rs.0.2 billion. During the week foreign sales amounted to a total of Rs.1.4 billion while total foreign purchases for the week stood at Rs.1.2 billion.

Foreign participation remained at 13.4 percent of total activity, compared to last week’s participation level of 21.5 percent. Among the highest traded stocks during the week were Environmental Resources, Kshatriya Holdings, Asia Capital, Nawaloka and Sierra Cables.

The information contained herein has been compiled from sources that Acuity Stockbrokers (Private) Limited (ASB) believes to be true and reliable but we do not hold ourselves responsible for its completeness or accuracy.

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