Market rebounds to green despite thin turnovers | Daily News

Market rebounds to green despite thin turnovers

The market rebounded yesterday after tumbling for five consecutive days with the positive news that the preliminary round of IMF talks ended on a positive note with the Prime Minister yesterday.

Thus, the All-Share Price Index increased by 77.7 points (+1.0%) to close at 7,502.3 whilst S& P SL20 Index also increased by 35.7 points (+1.5%) to close at 2,400.6.

Expolanka Holdings, Dialog Axiata, DFCC Bank, Commercial Bank and Lanka IOC remained as the top positive contributors to the ASPI during the day. Further, the broader market’s total turnover stood at Rs. 760.5 mn against the 12-month average daily turnover of Rs. 4,595.9 mn, whilst the volume traded for the day was 30,850.5k against the 12-month average daily

volume of 222,410.6k. Banks, Telecom and Transportation mostly contributed to yesterday’s turnover.

The top turnover generators for yesterday were Expolanka Holdings Rs.209.4 mn (+4.2%), Royal Ceramics Rs.119 mn (+1.9%), Lanka IOC Rs. 114.1 mn (+2.9%), Browns Investments Rs. 49.9 mn (+1.3%) and LOLC Finance Rs.32.5 mn (+1.5%). Foreigners recorded a net outflow of Rs. 9.5 mn yesterday. Foreign purchases stood at Rs. 20.6 mn.

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