Heavy retail participation lifts bourse
Colombo stocks ended in green yesterday as heavy retail investor
participation was seen in penny stocks. ASI advanced by 20.16 index
points to closed at 7,300.82 while more sensitive MPI closed at 6,776.69
gaining 54.20 points. The 14 day RSI on All Share Index increased
marginally to 46.77 from the previous day figure of 45.11.
Market turnover stood at Rs 2.0 billion. Nation Lanka Finance made
the top contribution to the daily turnover with an amount of Rs 275.7 mn
and attracted investor interest throughout the day.
Further, banking and finance sector counters such as Central Finance
(Rs 236.5 mn) and Commercial Bank (Rs 131.3 mn) made notable
contribution to the turnover.
Meanwhile, retail investor favourite Renuka Agri, Marawila Resorts
and PC House were among the mostly traded counters while Marawila
Resorts and Renuka Agri topped the gainers list respectively.
Lankem Development rights ended its trading as the top loser followed
by illiquid counters such as Paragan Ceylon, Beruwala Walk Inn and
Huejay International Investments. Foreign participation dropped to 11
percent and at the end of the day foreign investors were net sellers
with net foreign outflow of Rs 123.8mn. Lanka Securities Research