Monday, 21 January 2013
Profit taking on blue-chips drove the indices lower amidst heavy retail activity on LOLC. A parcel of Environment Resource Investments changed hands yet again today. People's Leasing & Finance also saw renewed retail activity with the merger with its subsidiary company around the corner.
ASI lost 13.75 points (0.23%) to close at 5,862.02 and the S & P SL20 index lost 0.25 points (0.01%) to close at 3,174.12. The turnover was Rs. 899.9Mn.
Top contributors to turnover were Environment Resource Investments with Rs. 447.3Mn, Commercial Bank with Rs. 77.9Mn and Sampath Bank with Rs. 73.9Mn. Most active counters for the day were Environment Resource Investments, LOLC and People's Leasing & Finance.
Notable gainers for the day were People's Leasing & Finance up by 8.0% to close at Rs. 16.20 Stafford Hotels up by 7.4% to close at Rs. 39.00 and Environment Resource Investments up by 5.6% to close at Rs. 17.00.
Cash Map for today was 54.24% helped by bullish activity on LOLC. Foreign participation was 37.9% of the market turnover whilst net foreign selling was Rs. 371.0Mn.
"As long as you enjoy investing, you'll be willing to do the homework and stay in the game. That's why I try to make the show so entertaining, because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt." - Jim Cramer