Palm oil counters top list
The market re-opened for the week on a negative note with both
indices recording substantial losses. The benchmark ASI lost 86.30
points to close at 7,270.67 while more liquid MPI lost 88.44 points to
close at 6,734.33.
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Raigam transaction
The Raigam Wayamba Saltern PLC has invested Rs 28 million for
2,800,000 shares in Southern Salt Company (Private ) Limited, a fully
owned subsidiary of Raigam Wayamba Salterns PLC, a Colombo Stock
Exchange filing said.
According to the Kingdom of Raigam this is an inter company
transaction. |
Daily market turnover reached Rs 5.7 billion.
Palm oil counters such as Indo Malay (Rs 2.4bn), Selinsing (Rs
1.2bn), Good Hope (Rs 0.7bn) and Shalimar Malay Estate (Rs 0.4bn) topped
the turnover list yesterday while recording several crossings. Hence,
Palm Oil sector emerged as the top contributed sector to the daily
turnover. Illiquid stocks continued to be among the top gainers of the
day. Among the illiquid counters Serandib Land, Harischandra Mills and
Mirama Beach Hotels topped the gainers list.
Retail investor favourite Union Bank, Free Lanka Capital Holdings,
Laugfs Gas and PC House were among the mostly traded stocks. High
foreign activity was seen during the day. Foreign participation
accounted for 27 percent of the total market activity. At the end of
trading foreign investors were net buyers with a net foreign inflow of
Rs 2.4 billion.
Lanka Securities Research
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