Market starts in green
The stock market started the new week yesterday, enduring a high
volatile trading environment. The market started in green, lost its
momentum in the mid trading session and finally displaying some recovery
to end trading. ASI gained marginally by 8.76 points (+0.13%) to end at
6,854.14 while sensitive MPI increased by 34.87 points (+0.56%) to end
at 6,244.94.
Market turnover improved to Rs 3.6 billion.
Ceylon Grain Elevators Plc (Rs 676.6mn) was the top contributor to
the turnover along with Orient Garments Plc (Rs 666.8mn) and John Keells
Holdings Plc (Rs 325.3mn).
Furthermore counters such as Three Acre Farms Plc, East West
Properties Plc and Seylan Development Plc demonstrated heavy trading.
Meanwhile 10% price band was imposed on East West Properties Plc,
Orient Garments Plc and Three Acre Farms Plc.
Foreign participation was 9.0 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 363.8mn.Lanka Securities Research |