The Colombo bourse ended Wednesday on a mixed note with retail participation continuing to dominate, analysts said.
They said retail investors were seen to be making profit on the current bullish sentiment in the market. Indices edged to negative territory during the morning session but recovered during the latter stages helped by improved interest on selected highly capitalized counters.
The benchmark index, the All Share Price Index (ASPI) ending the day 0.84% (44.91 points) higher whilst the more liquid, Milanka Price Index (MPI) declining by 0.15% (7.70 points) over yesterdays’ close. The ASPI & the MPI closed the day at 5,372.13 points & 4,970.73 points respectively. The S&P SL 20 Index rose by 0.41% (11.90 points) to end at 2,943.31 points. Turnover was Rs.941.2 million.
Free Lanka Capital emerged to continue as the front runner stemming from the strong interest and amidst a 20% gain during yesterday’s trading, the counter gained a further 20% at its intra-day high of Rs. 3.40 before closing flat at Rs 3.00. Among several sizable on-board transactions, a large block of one million shares was seen transacted at a similar price.