Market traded with mixed sentiments throughout the day
although few blue-chips lost ground. Commercial Bank continued to provide
activity in the market whilst turnover was dominated by blue-chips. Gains on
Bukit Darah helped to prop up the indices as a private deal took place above
the market price. Yields on treasury bills dropped across all maturities in
today’s auction helping revive the equity market.
ASI gained 4.87 points (+0.09%) to close at 5,512.66, MPI
lost 18.44 points (-0.37%) to close at 5,020.86 and the S&P SL20 Index lost
1.63 points (-0.05%) to close at 3,017.99. Turnover was Rs. 464mn.
Top contributors to turnover were Commercial Bank with Rs.
194.1mn, Gargills Ceylon with Rs.56.2mn and Bukit Dharah with Rs.52.5mn. Most
active counters for the day were Lanka Milk Foods, Sampath Bank and Vallibel
One.
Notable gainers for the day were Talawakele Plantations, up
by 10% to close at Rs. 24.90, Huejay International, up by 9% to close at Rs.
79.80 and Ceylon Insurance, up by 8% to close at Rs.79.00. Notable losers for
the day were Ceylon Leather Products – warrant (0013), down by 15% to close at
Rs.5.10, Tea Smallholder Factories down by 14% to close at Rs. 42.30 and
Hapugastenna Plantations down by 10% to close at Rs.38.60.
Cash map for today was 65.4% (excluding the crossings).
Foreign participation was 51% of the total market turnover whilst net foreign
buying was Rs. 105.2mn.
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