Thu, 18 Apr 2024
02:30:01
LB~Bourse 23|12|2011:
Colombo Stock Market continued its upward trend from yesterday as turnover passed Rs 1 Billion for the first time in two weeks. Positive investor sentiment could be seen as fundamentally strong counters such as JKH and Commercial Bank accounted for the bulk of the turnover through crossings.
Colombo All Share Price Index (ASPI) closed at 5,982.58 points rising by 1.07% and Milanka Price Index (MPI) 5,189.86 points (up 0.43%). A total volume of 26.1 million recording turnover of Rs.1.1 billion (up 229.73%). Foreign purchases rose 1428.51% to Rs.518.08 million and foreign sales topped 308.54% to Rs.286.38 million.
Retail favorite counters such as HVA were also actively traded in thin volumes. Indices ended the week higher with ASPI and MPI gaining 1.53% and 1.07% respectively. Diversified sector was the top contributor to the market turnover due to JKH and the sector index gained 0.27%. JKH accounted for nearly 50% of the turnover today as its share price shed Rs. 1.80 (1.05%) to close at Rs 170.00. Foreign holdings of JKH increased by 2,921,477 shares.
Banks, Finance and Insurance sector also contributed significantly to the market turnover (due to Commercial bank voting and non-voting) and the sector index rose by 1.46%. The share price of Commercial bank voting rose by Rs 0.10 (0.10%) to close at Rs. 100.50 while share price of Commercial bank nonvoting gained 1.00 (1.39%) to close at Rs.73.00.
Manufacturing sector was also among the highest contributors to the market turnover and the sector index climbed 1.40%.
23 Dec 2011
14:44:10
Turnover hits One Billion as indices gain
Colombo Stock Market continued its upward trend from yesterday as turnover passed Rs 1 Billion for the first time in two weeks. Positive investor sentiment could be seen as fundamentally strong counters such as JKH and Commercial Bank accounted for the bulk of the turnover through crossings.
Colombo All Share Price Index (ASPI) closed at 5,982.58 points rising by 1.07% and Milanka Price Index (MPI) 5,189.86 points (up 0.43%). A total volume of 26.1 million recording turnover of Rs.1.1 billion (up 229.73%). Foreign purchases rose 1428.51% to Rs.518.08 million and foreign sales topped 308.54% to Rs.286.38 million.
Retail favorite counters such as HVA were also actively traded in thin volumes. Indices ended the week higher with ASPI and MPI gaining 1.53% and 1.07% respectively. Diversified sector was the top contributor to the market turnover due to JKH and the sector index gained 0.27%. JKH accounted for nearly 50% of the turnover today as its share price shed Rs. 1.80 (1.05%) to close at Rs 170.00. Foreign holdings of JKH increased by 2,921,477 shares.
Banks, Finance and Insurance sector also contributed significantly to the market turnover (due to Commercial bank voting and non-voting) and the sector index rose by 1.46%. The share price of Commercial bank voting rose by Rs 0.10 (0.10%) to close at Rs. 100.50 while share price of Commercial bank nonvoting gained 1.00 (1.39%) to close at Rs.73.00.
Manufacturing sector was also among the highest contributors to the market turnover and the sector index climbed 1.40%.
© Sri Lanka Business Online,
All Rights Reserved.