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Colombo's All Share Index, reached a seven month high on Tuesday on The Finance Company (TFC) share deals, analysts said.
The All Share index surged 108.92 points to close at 5,777.22 while TFC was among the major gainer today with the stock surging 35% to close at Rs 8.10. The day started with a strong opening and this rally was backed with high volumes, according to analysts.
The Milanka Index gained 110.89 points to close at 5,419.43. The day started with a strong opening and a rally mostly on low cap shares.
The S&P SL20 secured its highest gain since introduction as it surged 59 points at its close with major gains stemming from C T Holdings (+6.3%), Hatton National Bank (+5.7%), National Development Bank (+4.3%) and Aitken Spence (+3.2%). With considerable recent foreign interest in Commercial Bank Voting and Non-Voting, DFCC Bank and Pan Asia Bank, the banking sector players edged up, analysts said.
The turnover was at Rs 1.9 million. There was a net foreign inflow of at Rs 155.2 million. Among other major gainers were Hayleys Management Knitting. This stock was up 29.6% to close at Rs 16.20.
Several large trades were executed in Free Lanka Capital amongst which a large block of two million shares were seen transacting at Rs.3.20.
Retail play was also seen in Nations Lanka Finance, Laugfs Gas Voting and Non-Voting and Singer Finance.
People’s Leasing Company with significant foreign and local interest during recent times encountered several large trades on board whilst having gained 3.6% at its intra-day high, the counter closed at Rs. 4.
(DEC)
http://sundaytimes.lk/index.php?option=com_content&view=article&id=24163:colombos-all-share-index-reached-a-seven-month-high&catid=77:news&Itemid=563
The All Share index surged 108.92 points to close at 5,777.22 while TFC was among the major gainer today with the stock surging 35% to close at Rs 8.10. The day started with a strong opening and this rally was backed with high volumes, according to analysts.
The Milanka Index gained 110.89 points to close at 5,419.43. The day started with a strong opening and a rally mostly on low cap shares.
The S&P SL20 secured its highest gain since introduction as it surged 59 points at its close with major gains stemming from C T Holdings (+6.3%), Hatton National Bank (+5.7%), National Development Bank (+4.3%) and Aitken Spence (+3.2%). With considerable recent foreign interest in Commercial Bank Voting and Non-Voting, DFCC Bank and Pan Asia Bank, the banking sector players edged up, analysts said.
The turnover was at Rs 1.9 million. There was a net foreign inflow of at Rs 155.2 million. Among other major gainers were Hayleys Management Knitting. This stock was up 29.6% to close at Rs 16.20.
Several large trades were executed in Free Lanka Capital amongst which a large block of two million shares were seen transacting at Rs.3.20.
Retail play was also seen in Nations Lanka Finance, Laugfs Gas Voting and Non-Voting and Singer Finance.
People’s Leasing Company with significant foreign and local interest during recent times encountered several large trades on board whilst having gained 3.6% at its intra-day high, the counter closed at Rs. 4.
(DEC)
http://sundaytimes.lk/index.php?option=com_content&view=article&id=24163:colombos-all-share-index-reached-a-seven-month-high&catid=77:news&Itemid=563
