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Market rebounded with the help of blue-chips such as Nestle, People’s Leasing & Finance, Distilleries and few banking sector shares. Retail activity remained strong on few mid-capped counters whilst negotiated deals on Browns Investments and Commercial Bank helped to prop up the turnover.
Yields on all three maturing treasury bills fell further in today’s auction which will positively impact the performance of the equity market.
ASI gained 8.91 points (0.15%) to close at 5,870.93 and the S&P SL20 index gained 10.46 points (0.33%) to close at 3,184.57. turnover was Rs. 2,096.2Mn.
Top contributors to turnover were Browns Investments with Rs. 731.3, Commercial Bank with Rs. 715.0 and Environment Resource Investments with Rs. 141.2Mn. Most active counters for the day were Environment Resource Investments, People’s Leasing & Finance and Dankotuwa Porcelain.
Notable gainers for the day were Autodrome up by 21.7% to close at Rs. 975.00, Colombo Pharmacy up by 17.8% to close at Rs. 640.00 and Environment Resource Investments up by 11.2% to close at Rs. 18.80. Notable losers for the day were Ceylon Tea Services down by 5.9% to close at Rs. 649.00, Nation Lanka Finance down by 4.8% to close at Rs. 2.00 and Panasian Power down by 3.5% to close at Rs. 2.80.
Cash map was 50.78%. Foreign Participation was 35.4% of total turnover and net foreign selling amounted to Rs. 225.1Mn.