Indices down

Market ended the holiday-shortened week with the indices weighed down by declines in the price of Dialog and Distilleries shares.

The broader market declined with the ASPI coming down by 15 points (-0.59%) to close at 2536, whereas the MPI was down by 23 points (-0.72%) to close at 3195. Interest continued to be dominated by SLT (Rs 252 million), John Keells Holdings (Rs 37 million), Nations Trust Bank (Rs 14 million), and Commercial Bank (Rs. 12 million) and Chevron (Rs 11 million)

The top advancers for the day were Seylan Merchant (non-voting) by 16.6% to Rs. 0.70, Singalanka Chemicals by 16.3% to Rs. 53.25, Serendib Hotels by 14.4% to Rs. 27.75, Onally Holdings by 8.6% to Rs. 34.50 and Equity One 7.8% to Rs. 24.00 The decliners for the day were JL Morrisons by 23.8% to Rs. 200.00, Asiri Hospitals (Rights) by 21% to Rs 8.00, Muller & Phipps by 11.1% to Rs. 0.08, Hotel Reefcomber by 9% to Rs 1.10 and Hotel Services 8.3% to close at Rs 151.00.

Source: First Guardian Equities
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www.firstguardianequities.com