Twelve brokers suspended
Market continued to end in negative note as the regulator suspended
12 brokers from giving credit due to lack of capacity. ASI lost 44.68
points (-0.65%) to close at 6,850.93 while more liquid MPI lost 49.16
index points (-0.79%) to close at 6,178.49.
Daily market turnover stood at Rs 1.4 billion.
Blue Diamond Jewellary voting (Rs 108.1mn) and non-voting (Rs
105.1mn) shares topped the turnover list today with attractive retail
investor participation. Further, Colombo Land & Development also made a
notable contribution to the turnover with an amount of Rs 74.9mn.
Muller & Phipps, HVA Foods and East West Properties were among the
mostly traded stocks during the day.
Meanwhile, John Keells Holdings and Ceylon Guardian Investments made
several crossings at a price of Rs 217.50 and Rs 325.00 respectively
during the day. John Keells Holdings closed at Rs 216.70, down Rs 2.10
and Ceylon Guardian Investments closed at Rs 335.00, down Rs 4.60.
Foreign participation accounted for 9.4% of the total market
activity. At the end of the day foreign investors were net sellers with
a net foreign outflow of Rs 47.1mn
Lanka Securities Research |