Monday, April 16, 2012

Market Review – 16th April 2012


The Colombo Stock exchange experienced a dormant operational day with the ending of the holiday season today.
ASI increased marginally by 9.07 points (+0.17%) to close at 5,434.80 and sensitive MPI rose by 20.26 points (+0.41%) to end at 4,929.56.
Market turnover stood at Rs.206.1mn.
John Keells Holdings Plc was the top contributor to the daily turnover at Rs.108.4mn. The counter recorded a crossing of 0.1mn shares at a price of Rs.209.50. In addition Softlogic Holdings Plc (Rs.6.1mn) and Commercial Bank Plc (Rs.5.7mn) made notable contributions to the daily turnover.
Meanwhile heavy trading was seen in counters such as Blue Diamond Nonvoting, Environmental resources Plc and Swarnamahal Financial Plc.
Foreign participation stood at 36.5% of the total market activity and at the end of the day foreign investors were the net sellers with a net foreign outflow of Rs.33.2mn.

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