newSRILANKA Team Markets 12 March 2010 124 views No Comment  Print This Post  Email This Post

The All Share Price Index gained 31.1 points to close at 3,832.3 points (+0.8%), whilst the Milanka Price Index also gained 42.4 points to close at 4,428.1 points (+0.1%).

The total turnover was LKR1,243.5 (USD10,901.7k) vs. 12-months average daily turnover of LKR819.9mn (USD7,187.7) whilst  the volume traded for the day was 27,594 k against the 12-months average daily volume of 26,410 k.

Top traded counters were DFCC LKR170.7 mn (USD1,496.2 k, +1.7%), National Development Bank LKR140.6 mn (USD1,232.4 k, +0.5%), Commercial Bank LKR114.1 mn (USD1,000.1 k, +0.4%), Environmental Resources Investments LKR99.0 mn (USD867.7 k, +5.4%) and Hotel Services LKR84.0mn (USD736.2 k,+5.0%)

The market regained positive momentum after recording a dip for two consecutive days during the week whilst recording healthy turnover levels. Environmental Resources Investments along with its 2010 and 2011 warrants continued to trade actively during the day on the back of retail interest.

Strong investor interest continued to be visible in the banking sector counters such as DFCC, National Development Bank, Commercial Bank and Seylan Bank (Non Voting) where the sectoral contribution for the day's turnover stood at circa 35%. Speculative interest was seen in Hotel Services whilst retail interest was evident in Janashakthi Insurance and investor interest in Hayleys.

Foreign purchases amounted to LKR300.3 mn (USD2,632.4 k), whilst foreign sales amounted to LKR408.5 mn (USD3,581.5k).

Market capitalization is at LKR1,238.6 bn.YTD performance is 13.2%

Sri Lanka Equity Analytics

World Trade Centre

Colombo, Sri Lanka

Email: info@srilankaequity.com

Web: www.srilankaequity.com

Auto sourced from Daily Stock Market Review. Go to source

Related posts:

1. Market Highlights – 25th March 2010
2. Market Highlights – 31st March 2010
3. Market Highlights – 5th April 2010
4. Market Highlights – 10th March 2010
5. Market Highlights – 9th March 2010