Quote for the day

"The future belongs to those who see possibilities before they become obvious."  -  John Scully

LSL Market Review 22nd Apr 2013

Interest on blue-chips helped shore up most of the losses caused by profit taking on small and mid-capped counters. Commercial Bank continued to witness private deals as foreign appetite seems to be focused on banking counters. Retail investors once again proved its thirst for speculation on Colombo Land & Development.

ASI lost 9.82 points (0.17%) to close at  5,872.43 and the S&P SL20 index gained 2.26 points (0.07%) to close 3,338.38. Turnover was Rs. 885.3Mn.

Top contributors to turnover were Commercial Bank with Rs. 374.8Mn, Colombo Land & Development with Rs. 51.1Mn and Browns with Rs. 35.0. Most active counters for the day were HVA Foods, Colombo Land & Development and Citrus Leisure warrant 19.

Notable gainers for the day were Ceylon leather Products warrant 13 up by 23.5% to close at Rs. 4.20, Citrus Kalpitiya up by 16.7% to close at Rs. 7.70 and Citrus Waskaduwa up by 13.6% to close at Rs. 7.50. Notable losers for the day were Amana Takaful down by 6.3% to close at Rs. 1.50, Lanka Milk Foods down by 5.1% to close at Rs.106.20 and Namunukula Plantations down by 3.6% to close at Rs. 81.00.

Cash map for today was 52.42%. Foreign participation was 24.7% of total market turnover whilst net foreign buying was Rs. 390.7Mn.