Wed, 24 Apr 2024
02:22:09
LB~Bourse 29|12|2011:
29 Dec 2011
17:37:13
Indices close lower at Colombo Bourse
Dec 29, 2011 (LB) - Heavy institutional and high net worth investor interest in the premier blue chip Commercial Bank continued with several crossings taking place. Net foreign sales continued its trend, mainly on Commercial Bank. Market witnessed the regained momentum in the early part of trading with majority of the counters gaining ground although market closed marginally lower.
Colombo All Share Price Index closed at 6,089.38 points and the more liquid Milanka Price Index (MPI) closed at 5,262.76 points. A volume of 39.23 million shares changed hands recording a Rs.679.85 million turnover. Foreign purchases dipped 51.53% to rs.18.3 million and foreign sales dipped 23.50% to Rs.191.74 million.
Banks, Finance and Insurance sector continued to be the highest contributor to the market turnover due to Commercial Bank (COMB) and Sampath Bank (SAMP) and the sector index came down by 0.60%. The share price of Commercial Bank slid by Rs 0.40 (0.40%) to close at Rs 100.00 while Foreign holding of the company reduced by1,485,000 shares. Sampath Bank's share price decreased by Rs 4.00 (2.01%) to close at Rs 195.00.
Manufacturing sector also contributed heavily to the market turnover due to Regnis Lanka and the sector index decreased by 0.17%. The share price of Regnis Lanka dipped by Rs 11.90 (3.19%) to close at Rs 364.00.
Tess Agro and Environmental Resources were among the highest contributors to the market turnover. The share price of Tess Agro increased by Rs 0.80 (20%) to close at Rs. 5.00 while ERI's share price moved up by Rs. 0.50 (1.25%) to close at Rs. 40.50.
Colombo All Share Price Index closed at 6,089.38 points and the more liquid Milanka Price Index (MPI) closed at 5,262.76 points. A volume of 39.23 million shares changed hands recording a Rs.679.85 million turnover. Foreign purchases dipped 51.53% to rs.18.3 million and foreign sales dipped 23.50% to Rs.191.74 million.
Banks, Finance and Insurance sector continued to be the highest contributor to the market turnover due to Commercial Bank (COMB) and Sampath Bank (SAMP) and the sector index came down by 0.60%. The share price of Commercial Bank slid by Rs 0.40 (0.40%) to close at Rs 100.00 while Foreign holding of the company reduced by1,485,000 shares. Sampath Bank's share price decreased by Rs 4.00 (2.01%) to close at Rs 195.00.
Manufacturing sector also contributed heavily to the market turnover due to Regnis Lanka and the sector index decreased by 0.17%. The share price of Regnis Lanka dipped by Rs 11.90 (3.19%) to close at Rs 364.00.
Tess Agro and Environmental Resources were among the highest contributors to the market turnover. The share price of Tess Agro increased by Rs 0.80 (20%) to close at Rs. 5.00 while ERI's share price moved up by Rs. 0.50 (1.25%) to close at Rs. 40.50.
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