The All Share index surged 108.92 points to close at 5,777.22 while TFC was among the major gainer today with the stock surging 35% to close at Rs 8.10. The day started with a strong opening and this rally was backed with high volumes, according to analysts.
The Milanka Index gained 110.89 points to close at 5,419.43. The day started with a strong opening and a rally mostly on low cap shares.
The S&P SL20 secured its highest gain since introduction as it surged 59 points at its close with major gains stemming from C T Holdings (+6.3%), Hatton National Bank (+5.7%), National Development Bank (+4.3%) and Aitken Spence (+3.2%). With considerable recent foreign interest in Commercial Bank Voting and Non-Voting, DFCC Bank and Pan Asia Bank, the banking sector players edged up, analysts said.
The turnover was at Rs 1.9 million. There was a net foreign inflow of at Rs 155.2 million. Among other major gainers were Hayleys Management Knitting. This stock was up 29.6% to close at Rs 16.20.
Several large trades were executed in Free Lanka Capital amongst which a large block of two million shares were seen transacting at Rs.3.20.
Retail play was also seen in Nations Lanka Finance, Laugfs Gas Voting and Non-Voting and Singer Finance.
People’s Leasing Company with significant foreign and local interest during recent times encountered several large trades on board whilst having gained 3.6% at its intra-day high, the counter closed at Rs. 4.