Thursday, 10 July 2014 00:05
-
- {{hitsCtrl.values.hits}}
The Colombo stock market gained further strength with both indices and turnover up despite foreign selling.
ASI moved up 48 points or 0.73% whilst S&P SL 20 index grew by 30 points or 0.8% thereby pushing the year-to-date returns to 11.86% and 13.55% respectively. Turnover was Rs. 2.8 billion, as opposed to Rs. 1.7 billion on Tuesday.
NDB Stockbrokers said the indices continued to close with gains and the ASPI crossed 6,600 points.
Lanka Securities said the gains were mainly underpinned by price progressions in Sri Lanka Telecom (closed at Rs. 51.40, +3.8%), John Keells Holdings (closed at Rs. 236.00, +0.6%) and Asiri Hospitals (closed at Rs. 20.90, +10.6%).
Gainers outweighed losers 164 to 69, while 54 counters remained unchanged. Cash map declined to 54% from 65%. 44 equities reached 52-week high price levels according to LS.
Turnover was boosted by several crossings were recorded in Pan Asia Bank (27 million shares at Rs. 20 per share), Tokyo Cement non-voting (six million shares at Rs. 32.90 per share), DFCC Bank (0.9 million shares at Rs. 162.50 per share), Seylan Bank non-voting (two million shares at Rs. 43 per share), Hemas Holdings (one million shares at Rs. 50 per share) and Lanka Hospitals (0.4 million shares at Rs. 50 per share). Aggregate value of crossings represented 36% of the market turnover.
Shares of PCH Holdings, HVA Foods and FLC Holdings were traded heavily.
Foreign investors were net sellers with a net outflow of Rs. 279 million. Foreign participation was 14% for the day. Net foreign outflows were heavy on Bukit Darah (Rs. 260 million) and DFCC (Rs. 156 million).
The share price of Bukit Darah closed at Rs. 637.50 gaining Rs. 5.50 (0.87%), DFCC Bank closed at Rs 167.00 gaining Rs. 2 (1.21%) whilst the share price of Hemas Holdings increased Rs 2.50 (5.22%) to close at Rs. 50.40. The share price of Tokyo Cement gained Rs. 0.90 (2.60%) to close at Rs. 35.50.
