5 off the market deals were witnessed during the day which contributed over 34% of the day’s turnover. Market heavyweight continued its dominance as the top contributor towards daily turnover as it pumped in over 413mn (31% of the day’s turnover). The counter also witnessed 10 different block trades totaling over 1.3mn shares change hands between Rs.219.70 and Rs.220.10. Heavyweights Such as SPEN and CTC also witnessed block trades worth 41mn and 36mn after trading blocks of 336,999 and 50,000 respectively. The caps closed the day at Rs.124 and Rs.713.90 gaining marginally. Banking sector cap SAMP also witnessed 100,000 shares change hands at Rs.210 whilst ASCO traded a block of 300,000 shares at Rs.187.50. Further, banking sector counters such as NDB,SEYB.X and HNB traded attractive volumes and contributed impressive amounts towards the day’s turnover. Index heavy Telco giant DIAL also gained 8% to close at Rs.8 after trading over 5mn shares.
Retail favorites continued to witness profit taking whilst speculative activity continued on specific counters. CSF saw continued selling pressure to shed 4.9% after trading 2.9mn shares.BBH witnessed the same sentiments but managed to close the day gaining marginally. Renewed speculative activity was seen on Banking & Finance sector midcap TFIL after a quantity of 1mn shares change hands at Rs.15. The counter then gathered momentum on the back of retail buying and reached a high of Rs.17.40 before closing the week at Rs.16.80 gaining 12.41%.
Further, penny stocks such as FLCH,ATL and TESS topped trading volumes whilst CTCE emerged as the top gainer.
http://www.lbt.lk/stock-market/movement/2666-lbt-market-friday