Mid-capped and low-capped counters led the losers today
although encouraging activity was seen Commercial Bank and Sampath Bank.
Foreigners were net buyers in banking counters. Ceylon Tobacco Company was on
the losers list today as well. We continue to reiterate that this sluggish
period is an opportune period for collecting shares at bargain prices.
ASI slipped 20.80 points (0.37%) to close at 5,631.89 and
the S&P SL20 index lost 3.07 points (0.10%) to close at 3,203.78. Turnover
was Rs. 1,076.2Mn.
Top contributors to turnover were Commercial Bank with Rs.
557.0Mn, Sampath Bank with Rs. 312.9Mn and National Development Bank with Rs.
49.6Mn. Most active counters for the day were Commercial Bank, National
Development Bank and Touchwood Investments.
Notable gainers for the day were Lighthouse Hotel up by
10.6% to close at Rs. 47.00, Commercial Leasing & Finance up by 7.7% to
close at Rs. 4.20 and Amana Takaful up by 6.7% to close at Rs. 1.60. Notable
losers for the day were Laxapana down by 3.9% to close at Rs. 4.90, Durdans
down by 3.8% to close at Rs. 100.00 and Citrus Leisure down by 3.6% to close at
Rs. 19.00.
Cash map for today was 54.28% led by solid buying on banking
counters. Foreign participation was 41.56% of total market turnover whilst net
foreign buying was Rs. 858.31Mn.
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