Market took a breather towards the end of trading but not before yesterdays’ momentum continuing into the morning session. Investors seem to be booking profits whilst positive activity was seen picking up on selected counters. John Keells Holdings continued to dominate trading with Lion Breweries also making it to the limelight.
ASI gained by 10.75 points (0.21%) to close at 5,038.15, MPI dropped by points -1.17 (-0.02%) to close at 4,692.82 and the S&P index gained by points 15.80 (0.56%) to close at 2847.50. Turnover was Rs. 634.9Mn.
Top contributors to turnover were John Keells Holdings with Rs. 218.8Mn, Lion Breweries with Rs. 63.2Mn and Sampath Bank with Rs. 45.4Mn. Most active counters for the day were Browns Investments, Tess Agro and Sampath Bank.
Notable gainers for the day were Colombo Fort Investments up by 19.7% to close at Rs. 107.00, Colombo Investment Trust up by 14.7% to close at Rs. 109.00 and Hydro Power Free Lanka up by 6.9% to close at RS. 6.20. Notable losers for the day were York Arcade down by 9.6% to close at Rs. 18.80, Eastern Merchants down by 6.9% to close at Rs. 12.10 and Blue Diamonds non-voting down by 5.6% to close at Rs. 1.70.
Cash map for today was 71.81%. Foreign participation was 40.85% of total market turnover and foreigners were net buyers of Rs. 134.56Mn.