HVA highest contributor

The Colombo bourse ended indecisively yesterday where benchmark indices closed in alternate directions.

ASI lost 15.61 points (-0.22%) to end at 6,837.35 while sensitive MPI gained marginally by 0.86 points (+0.01%) to close at 6,222.94.

Market turnover stood at Rs 2.6 billion.

HVA Foods Plc (Rs 1.0 billion) made the highest contribution to the daily turnover while attracting active investor participation. The counter depicted a notable rally during trading.

HVA closed at its daily high of Rs 46.00, up Rs 7.50 (+19.48%). In addition DFCC Bank Plc (Rs 168.9 million) and Colonial Motors Plc (Rs 166.0mn) made significant contributions to the turnover. In the meantime Singer Finance Plc, East West Properties Plc and Asiri Hospitals Plc witnessed active trading during the day.

Foreign participation stood at 5.75% of the total market activity. At the end of the day foreign investors were the net sellers with a net foreign outflow of Rs 27.3 million.

Lanka Securities Research