The indices closed in opposites today as most of the blue chips held ground amidst profit taking in several speculative and mid cap stocks. ASI snapped 04 day winning streak and closed 25.03 points (-0.4%) lower at 6,441.64. S&P SL 20 index closed at 3,660.94 with a gain of 11.59 points (0.3%).
Investor interest on premier blue chips such as Commercial Bank (Rs.125.00, +2.4%), John Keells Holdings (Rs.297.00,-0.0%) continued today as well and the stocks reached fresh 52 week highs. Commercial Bank has gained 7.5% during last five trading days while John Keells Holdings has gained 8.8% mainly on foreign buying. The total net foreign inflow to Commercial Bank and John Keells Holding during the five day period amounts to Rs.756mn and Rs.498mn respectively.
Foreigner investors were net buyers for the ninth consecutive day with net inflow Rs.1.1bn. Net inflows were reported in counters such as Commercial Bank (Rs.677mn), Distilleries (Rs.139mn) and John Keells Holdings (Rs.100mn).The total net foreign inflow for the year now amounts to Rs.12.0bn.
The daily turnover was Rs.2.2bn. 48% of the turnover came from off-the-floor deals in counter such as Commercial Bank (4.2mn shares at Rs.125.00), John Keells Holdings (0.9mn shares at c.Rs.298), Distilleries (0.6mn shares at Rs.190.00), Cargills (0.5mn shares at Rs.175.00), Sampath Bank (0.1mn shares at Rs.225.00) and Chevron (0.1mn shares at Rs.285.00).
Furthermore Overseas Realty (Rs.18.70,-1.1%), Nations Trust Bank (Rs.67.80,-0.3%), Distilleries (Rs.190.00,+0.3%), Chevron Lubricants (Rs.285.00,-0.4%) were among the 21 stocks that reached 52 week highs during the day.
On the other hand, drop in prices counters such as Retail favorite Environmental Resources (Rs.16.50,-6.3%), index heavy Nestle (Rs.2,010.00,-4.1%), Asian Hotels & Properties (Rs.71.10,-3.9%) and Sri Lanka Telecom (Rs.43.20,-2.5%) drove the ASI to the negative territory.
Retail activity was seen in counters such as Colombo Fort Land (Rs.39.30,+0.3%), Lanka Cement (Rs.10.20,+9.7%) and Odel (Rs.27.50,+1.9%).
Cash map for today was 45%.
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