JKH top contributor

Colombo stocks ended in red zone yesterday as both benchmark indices recorded further losses. ASI closed at 6,598.97, down 83.49 index points (-1.25%) which is below the year-to-date low of 6,635.87. As a result, year-to-date yield of the ASI dropped to -0.05% for the first time of the year. More sensitive MPI lost 81.12 points (-1.31%) to close at 6,098.94.

Daily market turnover stood at Rs 1.1bn.

John Keells Holdings was the top contributor to the market turnover with an amount of Rs 159.6mn. JKH recorded two crossings amounted to 336,134 shares at a price of Rs 200.00. JKH today traded at a high of Rs 203.00 and closed at Rs 199.90, down Rs 2.70 (-1.33%). Further, Softlogic Holdings and Orient Garment Limited made notable contributions, recording Rs 80.5mn and Rs 54.9mn turnover levels respectively.

Meanwhile, Panasian Power, Softlogic Holdings and Free Lanka Capital Holdings were the heavily traded counters of the day.

Lanka Securities Research