newSRILANKA Team Markets, News 15 December 2009 26 views No Comment  Print This Post  Email This Post

The All Share Price Index gained 37.2 points to close at 3,077.0 points (+1.2%), whilst the Milanka Price Index also gained 54.6 points to close at 3,501.1 points (+1.6%).

The total turnover was LKR1,418.3 mn (USD12,402.6k) vs. 12-months average daily turnover of LKR545.4 mn (USD4,769.4k) whilst the volume traded for the day was 15,309 k against the 12-months average daily volume of 19,605 k.

Top traded counters were John Keells Holdings LKR783.0 mn (USD6,847k, +3.4%), Aitken Spence Hotel Holdings LKR258.1mn (USD2,257k, +1.8%), National Development BankLKR95.5 mn (USD835k, +0.9%), Commercial Bank LKR76.5mn (USD669 k, +0.6%) and Diesel and Motor Engineering PLC LKR29.5 mn (USD258 k,+16.6%)∙         The market regained its momentum after yesterday's drop where turnover level exceeded LKR1.4 bn

Heavyweight John Keells Holdings traded strong during the day on the back of strong institutional and foreign interest. JKH accounted for circa 55% of day's turnover where it witnessed around 5.1 mn shares changing hands during the day.

Further strong institutional and retail buying was evident in Aitken Spence Hotel Holdings whilst banking sector counters such as National Development Bank and Commercial Bank also contributed positively to the day's activity. In addition Diesel and Motor Engineering PLC also actively traded during the day where the counter gained circa 17%.

Foreign purchases amounted to LKR765.1mn (USD6,691k), whilst foreign sales amounted to LKR749.2mn (USD6,552k).

Auto sourced from Daily Stock Market Review. Go to source

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