Among the blue-chips, shares of Dialog Axiata (closed at LKR 10.70, +1.9), Commercial Bank (closed at LKR 144.50, +0.8) and Lion Brewery (closed at LKR 500.00, +1.0%) gained grounds while Ceylon Tobacco (closed at LKR 861.00, -2.7%) John Keells Holdings (closed at LKR 154.00, -0.7) and Nestle Lanka (closed at LKR 2,030.00, -1.0%) edged lower. The investor sentiment remained divided with losers outweighing gainers 57 to 45.
Market turnover fell back to LKR 622mn after the yesterday’s eventful session. Crossings in Commercial Bank (1.1mn shares at LKR 145.00), Dunamis Capital (4.1mn shares at LKR 25.00), Tokyo Cement – voting (0.6mn share at LKR 60.00) and Tokyo Cement – nonvoting (0.7mn shares at LKR 53.00) contributed 53% of the turnover. Accordingly, Commercial Bank (LKR 170) headed the top turnover list along with Dunamis Capital (LKR 101mn), John Keells Holdings (LKR 92mn) and Tokyo Cement non-voting (LKR 57mn).
Commercial Credit continued to be the retail investor favorite on the aftermath of the strategic transaction yesterday. The share closed lower at LKR 60.20 (-0.7%). Moreover, relatively high investor activities were seen in Textured Jersey, John Keells Holdings and Alumex. Lanka IOC fell 2.1% in today’s session as investors treaded cautiously amid the rise in crude oil prices.
Foreign investors were net buyers of LKR 29mn worth of shares and accounted for 55% of the market activity. Top net inflows were seen in Tokyo Cement non-voting (LKR 53mn), Lion Brewery (LKR 22mn) and Commercial Bank (LKR 10mn) while top net outflow was seen in Tokyo Cement (LKR 37mn).
Please note that Colombo Stock Exchange will be closed on Monday (12th December 2016) & Tuesday (12th December 2016) due to public holidays.
Source: LSL
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