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Wednesday, 20 July 2011

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Market ends in red

The stock market continued to end in red note with both benchmark indices recording considerable losses yesterday. ASI lost 68.50 index points (-1.03%) to close at 6,675.70 while more sensitive MPI lost 51.12 index points (-0.82%) to close at 6,198.20. Market turnover was Rs 1.7billion.

Commercial Bank of Ceylon was the top contributor to the market turnover with an amount of Rs 195.3mn and recorded several off-the-floor deals. Further, Softlogic Holdings (Rs 139.5mn) and Ceylon Tobacco Company (Rs 137.0mn) recorded notable turnover levels .

Hatton National Bank's Non-voting Rights traded mostly during the trading hours and ended as the top gainer of the day. It reached the high of Rs 16.50 and closed at Rs 8.00, up Rs 6.50 (+433.3%). Meanwhile Vallibel One, Softlogic holdings and Touchwood Investments were among the heavily traded counters.

Lanka Securities Research

 

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