Colombo shares closed at their highest in 16 months today with improved activity levels. Several counters such as John Keells Holdings (LKR 250.10), Dialog Axiata (LKR 9.50), Seylan Bank (LKR 70.00), Textured Jersey (LKR 11.90) and Lanka IOC (LKR 28.00) reached their 52 week high prices today.
The market turnover was LKR 635mn. Top contributors to the turnover were Touchwood Investments (LKR 123mn), John Keells Holdings (LKR 99mn) and Lanka IOC (LKR 38mn). The actively traded counters were Touchwood Investments (LKR 5.70,-19%), Lanka IOC (LKR 27.70,+14%), Laugfs Gas non-voting (LKR 20.80,+5%) and Colombo Land & Development (LKR 50.90,+1%).
Cash map for today was 47%.
Foreigners were net buyers for the fourth consecutive day with net inflow of LKR 99mn. Foreign participation accounted for 11.5% of the market activity. The cumulative net foreign inflow for this year stands at LKR 9.3bn. Interestingly, out of the total of 78 market days this year, foreigners have been net buyers for 54 days (i.e.69% of the time).
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