"There was a slight improvement in the sense that the indices were up somewhat although there was nothing to talk of volume-wise," a broker said.
A crossing of 150,000 Distilleries at Rs.145 generating Rs.21.8 million was the day’s only block trade with Chevron, People’s Leasing and Balangoda being the other main contributors to turnover.
"Sharp gains in some large caps drove the indices higher amidst renewed buying interest, which centered mainly on speculative second tier counters. Activity levels remained subdued and were led by trades on LLUB, DIST, and PLC, which collectively accounted for over 25% of turnover, inclusive of crossings," John Keells Stock Brokers said in a market report.
Foreigners remained net buyers with purchases of Rs. 81.77 mn. and sales of Rs. 23.74 mn. Leaving a net inflow of Rs. 58.03 mn.
Chevron closed Rs.3 up at Rs.200 on nearly 0.2 million shares done between Rs.196.10 and Rs.201 contributing Rs.31.6 million to turnover. Brokers said that two large parcels accounted for most of the traded quantity.
People’s Leasing closed 10 cents up at Rs.12.60 on nearly 1.7 million shares done between Rs.12.50 and Rs.12.80 generating a turnover of Rs.20.9 million while Balangoda closed Rs.1.50 up at Rs.37.50 on 0.4 million shares done between Rs.36 and Rs.37.50 generating a business volume of Rs.15.3 million.
Blue chips that were most traded included Asian Hotel Properties closing flat at Rs.77 on nearly 0.2 million shares and NDB closing 90 cents down at Rs.133 on 46,846 shares.
Brokers said that retailers were on the sidelines with very little retail activity seen yesterday.