Retail investors got their New Year Bonus as Renuka Agri Foods (RAL) started trading for the first time today with 70% gain. RAL issued 120 million shares at Rs 2.25 per share last month. Over 41 million shares of RAL traded today within price range of Rs 3.50 to 4.30 & closed at Rs 3.70.
ASI closed at 3781.64, up 96.09 points (2.84%) & MPI gained 112.37 points to close at 3961.75. Both indices were at all time high. Total equity turnover was 1.14 billion rupees (US$ 10 million).
Top five gainers.
1. The Bukit Darah Plc was up by Rs 217.25 to close at Rs 3242.75.
2. Watapota Investments Plc gained 100 rupees to close at Rs 800.00.
3. Ceylon Guardian Investments Trust Plc was up by 85.00 to close at Rs 535.00.
4. Ceylon Investments Plc closed at Rs 300.50, up by 53.00 rupees.
5. Colombo Dockyard Plc was up by 38.75 to end the day at Rs 283.50.
In addition to above high gainers Blue Chip John Keells Holdings Plc closed at Rs 179.00, up Rs 7.50 while Distilleries Company of Sri Lanka Plc was up by four rupees to close at Rs 109.25.
There were 101 gainers & 47 losers for the day. Sri Lanka Telecom lost one rupee to close the day at Rs 45.00 while cellular market leader Dialog Telekom lost 25 cents to close at Rs 7.00.
Foreigners purchased Rs 172.9 million worth of stocks & sold stocks valued Rs 236.7 million. According to brokers there are new foreign fund are waiting to invest in Colombo Market. We suggest that investors should hold or buy fundamentally sound stock such as NDB, DFCC, Commercial Bank & Distilleries to take advantage of future growth.
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