PCH Holdings debuted today with strong participation from retail investors. The counter touched an intra-day high of Rs. 34 to close at Rs. 14. A block of around 3.9 million shares changed hands at Rs. 15. ASI lost 39.78(-0.8%) points to close at 4,955.91 whilst the MPI lost 48.15(-1.09%) points to close at 4,385.81 with a turnover of Rs.797 million
Today’s turnover was dominated by a crossing of around 25% of EDEN changing hands at Rs. 30 contributing Rs. 386 million. John Keells holdings also saw some private deals taking place with a turnover of Rs. 125 million.
The composition of the MPI changed with Aitken Spence, Distilleries, HNB, Royal Ceramics, LOLC, DFCC, LB Finance being removed to make way to PC House, East West, Expo, Browns Investments and Lanka Orix Finance Company, Nation Lanka Finance and Janashakthi Insurance. Liquidity of shares and active trading seem to have been the main drivers behind these changes.
PCH Holdings was highest gainer today. The counter rose Rs. 4(40%). Free Lanka Capital Holdings rose Rs. 0.10 to close at Rs. 1.90 whilst Renuka Agri rose Rs. 0.20 to close at Rs. 4.90.
Lanka Aluminium dropped Rs. 2.50 to close at Rs. 20.40. MTD Walkers fell by Rs. 1.80 to closet Rs. 21.80 and Citrus Leisure warrants 19 dropped Rs. 0.50 to close at Rs. 6.50.
Most counters traded on thin volumes and turnover levels were very low for most part of early trading before the EDEN parcel changed hands.
Foreign participation stood at 14.37% with a net outflow of Rs. 199.63 million.