The All Share Price Index gained 216.48 points to close 3.73 percent higher at 6,022.24 while the Milanka Price Index of more liquid stocks gained 180.32 points to close at 5,233.23, up 3.57 percent from the previous close.
Turnover reached a little over Rs. 1.2 billion on 79.36 shares changing hands during the day which saw 209 counters close on a positive note against 10 counters that closed in the red.
"The market started in the green and gained further ground during the day amidst the speculation of a positive outcome from His Excellency The President meeting the representatives of the stockbrokers to discuss the prevailing crisis in Colombo bourse. ASPI regained 6000 point mark while both indices recorded triple digit growth," NDB Stockbrokers said.
"Amidst the strong bull run witnessed, heavy activity was seen in retail favorite speculative counters as these dominated the top turnover contributor list.
"Beverage, Food and Tobacco Sector was the top contributor to the market turnover (due to HVA Foods) and the sector index increased by 1.11 percent. The share price of HVA Foods increased by Rs 8.60 (26.71 percent) to close at Rs 40.60. Land and property sector also contributed heavily to the turnover (due to Colombo Land and East West Properties) and the sector index moved up by 9.74 percent. The share price of Colombo Land surged by Rs 8.20 (18.02 percent) to close at Rs 53.30 while the share price of East West increased by Rs 5.80 (27.88 percent) to close at Rs 27.20.
"Blue Diamonds (nonvoting) and Orient Garments were also among the top contributors to the market turnover while 60,000 shares of Bukit Darah changed hands at a price of Rs 1025.00 via two crossings.
Richard Pieris declared an interim dividend of Rs 0.40 per share while Commercial Bank declared its second interim dividend of Rs 1.00 per share (voting and nonvoting)," NDB Stockbrokers said.
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