Bourse begins in negative territory

Colombo stocks ended in a negative territory with both benchmark indices recording substantial losses yesterday. ASI lost 45.06 points (-0.62 percent) to close at 7,186.86 while liquid MPI closed at 6,714.82, a dip of 61.06 points (-0.9 percent).

Market turnover was Rs 2.2 billion.

Market RSI based on All Share Index further dropped to 34.4 which is the lowest in six months.

Expolanka Holdings debuted on the bourse yesterday and recorded the top turnover with high investor interest. EXPO traded at a high of Rs 15.00 and closed at 14.30, up Rs 0.30 (+2.14 percent). Further, retail investor favourite Blue Diamonds Jewellery, Panasian Power and PC House made notable contributions to the daily turnover and attracted investor concern.

Bimputh Lanka Investments which listed in the CSE yesterday by an Introduction was the top gainer of the day. Only one transaction was executed during the day where 1,000 shares traded at Rs 25.00 per share. The counter closed at Rs 25.00, up Rs 14.40 (+135.85 percent).

Lanka Securities Research