Market trades in green
Share market traded in green yesterday but with relinquished gains.
ASI gained 13.87 points (+0.19 percent) and closed at 7,377.65 while
the sensitive MPI gained 19.96 points (+0.29 percent) to close at
6,836.33.
The market turnover stood at Rs 2.1billion. Commercial Bank Plc
(Rs.265.5 mn) was the top contributor to the turnover. One million
shares of Commercial Bank changed hands yesterday as a crossing at Rs
265.00 per share. In addition Colombo Fort Land and Building Plc (Rs
218.1 mn) and Pan Asia Bank (Rs 193.4 mn) made noteworthy contributions
to the daily turnover. Pan Asia Bank Plc (PABC) has announced a sub
division of shares on the basis of one ordinary share for every existing
issued one share. The counter was trading heavily with significant gains
during trading hours. PABC closed Rs 60.00, up Rs 7.20.
Meanwhile, Free Lanka Capital Holdings Plc, Brown and Company Plc and
Lankem Ceylon Plc were actively traded during trading.
Foreign participation was 13.05 percent of the total market activity.
At the end of the day, foreign investors were the net sellers with a net
foreign outflow of Rs 307.9 million. Lanka Securities Research |