The transfer of a minority stake in Asian Alliance Insurance
to Dutch and German investors from Softlogic Holdings was the highlight of the
day’s trading. Buying activity was also evident in Cargills and John Keells
Holdings. Market trended in the opposite direction according to the
implications of yesterday’s rise in treasury yields.
ASI gained 16.66 points to close at 5,680.02 and the S&P
SL20 index gained 5.55 points to close at 3,220.41. Turnover was Rs. 2.5Bn.
Top contributors to turnover were Asian Alliance Insurance
with Rs.1.8Bn, Cargills with Rs.238.0Mn and John Keells Holdings with Rs.
89.0Mn. Most active counters for the day were Nation Lanka Finance, Nation
Lanka Finance warrant 21 and PC House.
Notable gainers for the day were Nation Lanka Finance
warrant 21 up by 25.0% to close at Rs. 1.50, Nation Lanka Finance up by 8.7% to
close at Rs. 10.00 and Durdans up by 7.3% to close at Rs. 103.00. Notable
losers for the day were Environmental Resource Investments down by 5.6% to
close at Rs. 1.70, Pan Asian Power down by 3.7% to close at Rs. 2.60 and Ceylon
Guardian Investments down by 3.5% to close at Rs. 161.10.
Cash map for today was 71.45%. Foreign participation was 48%
of total market turnover whilst net foreign buying was Rs. 2.2Bn.
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