Price band for Alufab

The stock market ended in despair with significant losses in indices yesterday. ASI closed 6,825.94, down 52.22 points (-0.76 percent) while MPI closed 6,301.02, down 84.29 (-1.32 percent).

Aitken Spence Hotels Plc (Rs 192.0mn) emerged as the top contributor to the turnover followed by Distilleries Plc (Rs 181.8 mn) and Browns & Company Plc (Rs 148.3 mn). AHUN posted a crossing of 1 mn shares at a price of Rs 75.00.

Swarnamahal Financials Plc, Richard Pieris Exports Plc and People's Merchant Bank Plc displayed aggressive trading.

A 10 percent price band was imposed on Alufab Plc by the regulator from July 1, to July 7.

Lanka Securities Research