Retailers dominate market

The bourse reopened on a flat note yesterday. The benchmark ASI and MPI gained 1.42 points (0.02%) and 1.88 points (0.03%) to close at 6,736.02and 6,025.81 respectively. The turnover stood at Rs.1.4bn.

Retailers continued to dominate the market activity. Tess Agro and HVA Foods were the investor favorites and contributed Rs 169.5mn and Rs 126.8mn to the turnover.

Further illiquid, Regnis and Radiant Gems made notable contribution of Rs 86.3mn and Rs 79.6mn and attracted heavy retail interest.

Meanwhile active level of trading was witnessed in Lanka Hospitals, Muller and Phipps and East West Properties.

There was no crossing during the day.

Foreign participation was lower at 5.2% of the total market activity. At the end of the day foreign investors were the net sellers with a net foreign outflow of Rs 43.9mn.

Lanka Securities Research