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
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