Market positive again

Market opened on a positive note yesterday with all indices gaining ground. Retail activity was at the forefront with only one private deal taking place.

Retail interest was seen throughout the day as most retail active counters were trading above their previous closing prices. ASI gained 60.26points (1.20%) to close at 5, 0773.10. MPI gained 87.49points (1.89%) to close at 4,724.02 and the S&P index gained 18.30 points (0.65%) to close at 2,846.84. Turnover was Rs. 454.3Mn.

Top contributors to turnover were Central Finance with Rs. 36.6Mn, John Keells Holdings with Rs. 30.9Mn and Colombo Land with Rs. 22.9Mn. Most active counters for the day were Hydro Power Free Lanka, Colombo Land and Citrus Leisure warrant 19. Notable gainers for the day were Multi Finance up by 26.3% to close at Rs. 27.40, Hydro Power Free Lanka up by 22.7% to close at Rs. 8.10 and Citrus Leisure warrant 19 up by 21.4% to close at Rs. 6.80.

Notable losers for the day were Tokyo cement non-voting down by 3.6% to close at Rs. 19.00, Galadari Hotels down by 2.2% to close at Rs. 13.10 and Colombo Investment Trust down by 0.1% to close at Rs. 104.90.