MARKET REVIEW
Colombo
equity market continued its lackluster momentum this week with little
movement in indices over the period. ASI closed at 5,423.25, up
marginally by 3.05 points (+0.06%WoW) while liquid MPI settled at
4,893.67, up marginally by 2.09 points (+2.09%WoW). Average daily
turnover stood at Rs.997.4mn. Foreign participation stood at 19.4% of
the total market activity and at the end of the week foreign investors
were the net buyers with a net foreign inflow of Rs.787.5mn.
The
market wrapped up the weekly operations on a positive note on Thursday.
ASI increased by 22.34 points (+0.41%) to close at 5,423.25 and liquid
MPI gained by 16.36 points (+0.34%) to end at 4,893.67. Market turnover
registered at Rs.635.0mn. Sigiriya Village Plc (Rs.184.3mn) recorded the
highest turnover for the day recording an off-the-floor deal. In
addition Union Bank Plc (Rs.117.5mn) and John Keells Holdings Plc
(Rs.54.1mn) contributed notably to the daily turnover. Meanwhile
Swarnamahal Financial Plc, HVA Foods Plc and Environmental Resources Plc
traded heavily during the day
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