Peace Rally

Banking stocks stole the market Thursday, with National Development Bank and NDB Bank (NBL) netting 50 percent of the Rs. 457.21 mn in total turnover.

Brokers say NBL accounted for 28 percent or 127 mn and NDB 22 percent of total volumes traded.rn

rnldblquote Investors are seeing value in NDB stocks even at current levels of Rs.136. There was strategic buying among the heavily traded stocks including JKH
dblquote , says Research Manager at HNB Stockbrokers, Hasitha Premaratne. rn

rnTurnover over the past two weeks alone has been Rs. 4.8 bn.rn

rnThe market rebounded after an initial dip of eight points in the first half of trading, rallying round on news that shelved peace talks might be jumpstarted.rn

rnThe All Share ended two points higher at 971.3, while the Blue chip Milanka index closed at 1847.1.rn

rnBrokers expect that the positive sentiment should continue with the occasional dip due to profit taking though this is not likely to be significant.rn

rnldblquote International pr