Market ended in a negative sentiment as benchmark indices slipped
into red zone yesterday. ASI dropped 49.02 points (-0.72 percent) to
close at 6,812.71 while more sensitive MPI closed at 6,193.31, a dip of
25.72 points (-0.41 percent).
Market turnover stood at Rs 1.1 billion.
Colombo Land and Development Plc (Rs 99.9 million) was the top
contributor to the market turnover followed by Brown and Company Plc (Rs
77.6 million) and National Development Bank Plc (Rs 69.8 million).
Alufab Plc emerged as the top gainer of the day with heavy trading.
Further, Asiri Hospitals Plc and Colombo Land and Development Plc
demonstrated more investor participation during the day.
500,000 shares of National Development Bank Plc (Rs 135.0 - Rs
137.0), 200,000 shares of Brown and Company Plc (Rs 275.0), 531,200
shares of Seylan Bank Plc (Rs 60.0) and 200,000 shares of John Keells
Holdings Plc changed hands in off the floor deals during the day.
Foreign participation was lower and it accounted for 9.9 percent of
the total market activity. Foreign investors ended as net sellers with a
net outflow of Rs 55.4 million. Lanka Securities Research