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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Week starts on a negative note

Week starts on a negative note

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1Week starts on a negative note Empty Week starts on a negative note Mon Aug 13, 2012 5:53 pm

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Market opened trading on a very lull note as investors were seen taking a wait and see approach with the ongoing macro-economic developments in mind. Retail activity was minimal with most institutional investors also staying on the sidelines.

ASI dropped 7.77 points (0.16%) to close at 4,846.45, MPI gained marginally by 1.74 points (0.04%) to close at 4,372.62 and the S&P index lost 6.53 points (0.24%) to close at 2,727.68. Turnover was Rs. 165.5Mn.

Top contributors to turnover were Sampath Bank with Rs. 23.7Mn, John Keells Holdings with Rs. 16.2Mn and E-Channeling with Rs. 12.8Mn. Most active counters for the day were Piramal Glass, Coco Lanka and PCH Holdings.

Notable gainers for the day were PCH Holdings up by 9.9% to close at Rs. 11.10, Browns Investments up by 7.4% to close at Rs. 2.90 and HNB Assurance up by 4.7% to close at Rs. 42.00. Notable losers for the day were Piramal

Glass down by 5.7% to close at Rs. 5.00, Asia Asset Finance down by 3.9% to close at Rs. 2.50 and Softlogic Holdings down by 3.2% to close at Rs. 9.20.

Foreign participation was 10% of total market turnover and foreigners net buyers of Rs. 22Mn.
http://www.nation.lk/edition/biz-news/item/9299-week-starts-on-a-negative-note.html

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