Colombo Stock Exchange recovers sharply
The Colombo Stock Exchange recovered sharply yesterday with notable
price appreciations in several counters. Interestingly, very few
counters such as TPL, KURU, MGT, NEST and COLO recorded price
depreciations during the day.
ASI jumped by 255.29 points (+5.08%) and closed at 5,279.09 while
sensitive MPI advanced by 179.22 points (+4.10%) to end at 4,552.84.
Swarnamahal Financial Plc (Rs.59.8mn) emerged as the highest
contributor to the daily turnover.
The counter continued its bull run where it closed at Rs.172.10 (+up
Rs.11.10).In addition Environmental Resources Plc (Rs.58.4mn) and HVA
Foods Plc (Rs.48.6mn) made significant contributions to the daily
Furthermore all the high turnover counters displayed heavy trading
during the day.
Nation Lanka Finance Warrant (CSF.W0021) which was listed on the
exchange today displayed a notable intraday rally. CSF.W0012 closed at
Rs.3.20, up Rs.2.90 (+966.7%). Foreign participation stood at 12.4% of
the total market activity and at the end of the day foreign investors
were the net buyers with a net foreign inflow of Rs.51.01mn.
Lanka Securities Research