Dull day in market

On a fresh ground, the Colombo bourse started the New Year operations on a lacklustre note. In the morning sessions the market displayed a fresh hope with a greenish move however the bourse depicted low level of activity in the latter part to end dormant.

ASI increased by 0.45 points (+0.007%) to end at 6,074.87 and sensitive MPI advanced by 10.76 points (+0.21%) to close at 5,239.92.

Market turnover was registered at Rs.419.5mn.

Commercial Bank Plc (Rs.56.3mn) was the top contributor to the daily turnover along with Colombo Land & Development Plc (Rs.28.6mn) and Hayleys Plc (Rs.26.2mn). Moreover Commercial Bank Plc posted a crossing of 0.5mn shares at a price of Rs.100.00.

During the day York Arcade Holdings Plc, Lankem Development Plc and Trans Asia Hotels Plc posted active levels of trading. Foreign participation stood at 10.5% of the total market activity and at the end of the day foreign investors were the net sellers with a net foreign outflow of Rs 58.0mn.

Lanka Securities Research