Encouraging activity from Com Bank and Sampath Bank
Mid-capped and low-capped counters led the losers yesterday, although
encouraging activity was seen from Commercial Bank and Sampath Bank.
Foreigners were net buyers in banking counters. Ceylon Tobacco Company
was on the losers list the previous day as well. We continue to
reiterate that this sluggish period is an opportune period for
collecting shares at bargain prices.
ASI slipped 20.80 points (0.37%) to close at 5,631.89 and the S&P SL
20 index lost 3.07 points (0.10%) to close at 3,203.78. Turnover was Rs.
1,076.2Mn.
Top contributors to turnover were Commercial Bank with Rs. 557.0Mn,
Sampath Bank with Rs. 312.9Mn and National Development Bank with Rs.
49.6Mn. Most active counters for the day were Commercial Bank, National
Development Bank and Touchwood Investments.
Notable gainers for the day were Lighthouse Hotel up by 10.6% to
close at Rs. 47.00, Commercial Leasing & Finance up by 7.7% to close at
Rs. 4.20 and Amana Takaful up by 6.7% to close at Rs. 1.60. Notable
losers for the day were Laxapana down by 3.9% to close at Rs. 4.90,
Durdans down by 3.8% to close at Rs. 100.00 and Citrus Leisure down by
3.6% to close at Rs. 19.00.
Cash map for today was 54.28% led by solid buying on banking
counters. Foreign participation was 41.56% of total market turnover,
whilst net foreign buying was Rs. 858.31Mn.
Lanka Securities Research |