Stocks rallied today ahead of a meeting by the members of the Monetary Board to decide on the direction of the policy rates. Investors made early celebrations as yields on the treasury bills fell in today’s auction. Foreign investor favourites Chevron Lubricants, Ceylon Tobacco Company and John Keells gained good ground to help the indices close at its highest point so far this year. The resurgence of retail investors was also welcomed as many mid-capped counters gained notably.
ASI gained 62.23 points (1.08%) to close at 5,812.47 and the S&P SL20 index gained 28.86 points (0.92%) to close at 3,163.18. Turnover was Rs. 636.2Mn.
Top contributors to turnover were John Keells Holdings with Rs. 165.9Mn, Softlogic Holdings with Rs. 78.5Mn and Ceylon Tobacco Company with Rs. 56.9Mn. Most active counters for the day were
Softlogic Holdings, Central Investments & Finance and Citrus Leisure warrant- 19.
Notable gainers for the day were Softlogic Holdings up by 12.8% to close at Rs. 13.20, Sierra Cables up by 12.0% to close at Rs. 2.80 and Blue Diamonds non-voting up by 11.8% to close at Rs. 1.90.
Notable losers for the day were Panasian Power down by 3.3% to close at Rs. 2.90, C.W. Mackie down by 2.0% to close at Rs. 74.00 and Durdans Hospitals down by 1.4% to close at Rs. 70.00.
Cash map for today was a overwhelming 71.53%. Foreign participation was 33% of total market turnover whilst net foreign buying was Rs. 112Mn.
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