Nov 05, 2012 (LBT) - The All Share Price Index gained 6.99 points to close at 5,539.31 points (+0.1%), whilst the Milanka Price Index gained 14.55 points to close at 5,085.9 points (+0.3%). Total turnover for the day was LKR161.2 mn (USD1,237.0k) vs 12-months average daily turnover of LKR1,034.6 mn (USD7,940k), whilst the volume traded for the day was 8,323k against the 12-months average daily volume of 40,845k.
Top contributory counters towards the day’s turnover were John Keells Holdings LKR46.2 mn (USD354.6k, 0.7%), Hatton National Bank LKR15.4 mn (USD117.9k, -0.2%), Lion Brewery LKR5.2mn (USD39.9k, 0%), Environmental Resources Investments LKR5.1mn (USD39.4k, 0.7%) and Renuka Agri Foods LKR5.1 mn (USD39.1 k, 0%).
Market recorded gains in both ASI and MPI despite thin turnover levels and volumes marked in a sluggish trading day. Realizing a contribution of c. 29% to the day’s turnover, John Keells Holdings topped the days turnover list, extending foreign interest and thereby to close the day with a price appreciation of 0.72%. However, it was evident that local investors were adopting a “wait and see” approach until the budget 2013 confining their exposure on to few selected fundamental stocks. Therefore, going by the above sentiments, Hatton National Bank and Lion Brewery emerged as the second and the third largest turnover contributors for the day. At the same time, high net worth and retail investor participation was evident on Environmental Resources Investments and Renuka Agri Foods.
Foreign purchases amounted to LKR64.3 mn (USD493.2k), whilst foreign sales amounted to LKR 17.2mn (USD132.2k). Market capitalization stood at LKR2,121.9 bn. YTD performance is -8.8%.