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Wed, 24 Apr 2024   05:38:38
LB~Bourse 27|12|2011:
27 Dec 2011 15:52:02
Colombo All Share Price Index regains 6000


Dec 27, 2011 (LB) - Week started on a positive note with both indices recording gains and All Share Price Index (ASPI) regaining the 6000 point mark. Amidst the lackluster retail activity, high net worth investor participation was witnessed as several crossings of Commercial Bank (COMB) helped the turnover to recover from the low activity levels recorded in the initial part of trading.



Colombo ASPI closed at 6,015.09 points and the Milanka Price index (MPI) closed at 5,226.11 points. A total volume of 16.34 million shares changed hands recording a turnover of Rs.995.85 million. Foreign purchases dipped95.97% to Rs.20.89 million and foreign sales rose 182.52% to Rs.809.08 million.

Banks, Finance and Insurance sector was the highest contributor to the market turnover due to Commercial Bank (COMB) and the sector index rose by 0.61%. The share price of Commercial Bank increased by Rs. 0.40 (0.40%) to close at Rs. 100.50. Foreign holding of Commercial Bank (COMB) reduced by 7,775,594 shares.

Manufacturing sector was the second highest contributor to the market turnover (due to Regnis Lanka) and the sector index moved up by 0.20%. Regnis Lanka's share price increased by Rs.11.60 (3.12%) to close at Rs. 382.50. United Motors (UML) and Environmental Resources (GREG) were among the top contributor list. The share price of United Motors (UML) decreased by Rs. 1.10 (0.77%) to close at Rs. 145.00 while GREG's share price closed flat at Rs. 39.40.

National Development Bank (NDB) declared an interim dividend of Rs. 3.50 per share.