Sri Lankan stocks jumped 1.4 percent on Tuesday to hit over Rs.1billion turnover on renewed retail investor sentiment due to expectations of market-friendly policies that may revive the market, analysts said.
The Colombo Bourse opened for the second trading day of the week with a favourable momentum, and the market was very much retailer driven, they said.
The market maintained its positive momentum for the 6th consecutive day; and the Colombo Bourse closed the trading day recording positive closures on all indices, a stcok broker revealed.
The All Share Price Index closed the day at 5,327.22, gaining 76.23 points (1.45%). The liquid Milanka Price Index closed was up 73.90 points (1.51%) to end the day at 4,978.43. The S&P SL20 Price Index gained 33.65 points to close at 2,931.41.
The market turnover for the day was Rs. 1.24 billion which was a 26% Increase compared to Monday the 3rd, stock broker said. The highest contributors to the daily turnover were Free Lanka Capital Holdings PLC (Rs 80million), Sampath Bank PLC (Rs. 77milion ) and E-Channelling PLC (Rs. 64million ). The best performing sectors for the day in terms of turnover were and Bank Finance ,Insurance (Rs.393million) and Diversified Holdings (Rs.178million respectively.
The total traded volume for the day was 178.6million.. This was an impressive 55% increase against the previous day. The market recorded a net foreign inflow of Rs 69.3million. (Bandula)