newSRILANKA Team Markets, News 4 January 2010 105 views No Comment  Print This Post  Email This Post

The All Share Price Index made an impressive gain of 93.1 points to close at 3,478.7 points (2.8%), whilst the Milanka Price Index also gained 107.4 points to close at 3,956.8 points (+2.8%)

The total turnover was LKR1,149.2 mn (USD10,044  k) vs. 12-months average daily turnover of LKR600.6 mn (USD5,249 k) whilst the volume traded was 63,363 k against the 12-months average daily volume of 20,521 k.

Top traded counters were Renuka Agri Foods LKR160.3 mn (USD1,401 k, +60.9%), Colombo Dockyard LKR76.2 mn (USD666 k, +15.8%), Hatton National Bank LKR59.7 mn (USD522 k, +1.2%), John Keells Holdings LKR50.2 mn (USD439 k, +4.4%) and Distilleries LKR48.8 mn (USD426 k, +3.6%)

The market opened the year with a strong positive note, where the ASI reached 3,400 levels for the first time in the history gaining 120% YoY. The more liquid MPI also reached new heights, testing 4,000 levels.

Renuka Agri Foods started trading today where the counter gained circa 65% whilst being the top contributor for the day's turnover.  Banking, Food & Beverage and Manufacturing were the main sectors that contributed to the day's turnover, contributing for circa 21.2%, 21.6% and 14.1% respectively. Colombo Dockyard continued to trade strong on the back of mixed interest and local high net worth interest was seen in heavy weight John Keells Holdings. Hatton National Bank saw strong buying backed by institutional investors and Distilleries traded during the day enticing both local institutional and high net worth interest

Foreign purchases amounted to LKR172.9 mn (USD1,511 k), whilst foreign sales amounted to LKR236.8 mn (USD2,070 k).

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