Brokers said that institutional, high net worth and retail play was evident with crossings in Commercial Bank, HNB, Distilleries and NDB accounting for over Rs.939 million of the day’s turnover.
The market is now at a one and a half year high.
"The indices recorded further gains amid healthy activity levels with crossings on COMB, DIST, HNB and NDB accounting for 44% of turnover," John Keells Stock brokers said in a market report.
Foreign purchases of Rs. 650 million against sales of Rs.455.9 million yielded and inflow of Rs. 194.1 million.
Commercial Bank was the biggest turnover generator on block trades with three crossings of 3.3 million shares at Rs.118 contributing Rs.289.4 million to turnover while Distilleries, with two crossings of nearly 1.6 million shares at Rs.185 contributed Rs.289.2 million.
Two crossings of HNB totaling nearly 1.1 million shares at Rs.172 generated a turnover of Rs.188.6 million while a single crossing of 0.4 million NDB at Rs.180 contributed Rs.72 million.
NDB was the most traded stock on the floor closing Rs.1.90 up at Rs.180 on nearly 0.7 million shares done between Rs.178.80 and Rs.181 which was a one-year high for the counter.
Sampath Bank continued to gain closing Rs.6.70 up at Rs.232.20 on nearly 0.4 million shares done between Rs.225 and Rs.233 generating a turnover of Rs.89.9 million.
Two other banking stocks, NTB closing Rs.1.80 up at Rs.66 on over 0.6 million shares and slightly over 0.2 million Commercial Bank closing 30 cents down at Rs.118.40, also demonstrated quantity.
On the retail side, Touchwood saw over 10.8 million shares done closing 30 cents up at Rs.6.30 while Capital Alliance Finance with nearly 1.5 million shares traded closing Rs.5 up at Rs.26.80 and ERI closed 30 cents up at Rs.18.30 on nearly 2 million shares.
Access closed 50 cents up at Rs.21.90 on nearly 1.6 million shares, Softlogic 40 cents up at Rs.11.60 on 2.5 million shares and East West closed Rs.1.90 up at Rs.17.20 on nearly 1.7 million.
Agalawatte Plantations announced a dividend of Rs.2 per share for 2012 after shareholder approval at an AGM on May 27 with share trading XD from May 28 and payment on June 5.