Price band for AAIC, ASCO

The market endured firm trading yesterday where ASI witnessed a notable jump into positive zone thought MPI depicted a marginal dip.

ASI gained by 37.24 points (+0.55%) to end at 6,747.91 while sensitive MPI lost marginally by 1.13 points (-0.02%) to settle at 5,998.15.

Market turnover recorded at Rs 2.8bn.

Asian Cotton Mills Plc (Rs.537.5mn) recorded the highest turnover with heavy trading.

Meanwhile Asian Alliance Plc (Rs 233.6mn) and Regnis Plc (Rs.181.8mn) made notable contributions to the daily turnover. Meanwhile Blue Diamonds voting and nonvoting and Nation Lanka Finance Plc demonstrated active trading. Furthermore during the day 10% price band was imposed on AAIC and ASCO consequent to their notable intraday rally.

Foreign participation stood at 5.5% of the total market activity. At the end of the day foreign investors were the net sellers with a net foreign outflow of Rs.134.0mn

Lanka Securities Research