E-Channelling top gainer
Colombo stocks ended in red yesterday with both indices recording
losses. ASI dropped 15.06 points (-0.22%) to close at 6,706.48 while
sensitive MPI closed at 5,966.51, dip of 16.44 points (-0.27%).
Market turnover stood at Rs 1.3 billion.
Retail investor favourite E-Channelling Plc made the highest
contribution of Rs 309.1 million to the market turnover and was traded
heavily during the day.
E-Channelling was the top gainer of the day and it reached the high
of Rs 10.30 and closed at Rs 9.90, up Rs 1.20 (+13.8%). Radiant Gems Plc
(Rs 69.8 million) and Hydro Power Free Lanka Plc (Rs 62.0 million)
lagged behind in terms of turnover but were next in line to E-Channelling
and traded heavily. Further, Ceylon & Foreign Trades Plc was among the
mostly traded stocks and closed at Rs 11.40, the maximum price the
counter could reach within the 10% price band.
Lanka Milk Foods recorded an off-the-floor deal of 245,000 shares at
a price of Rs 130.00.
At the end of the day the stock closed at Rs 132.00, up Rs 4.50. Low
investor interest pushed the share prices of blue-chips further down.
Premier blue-chip John Keells Holdings closed at Rs 200.00, a dip of
Rs 2.80, Commercial Bank closed at Rs 111.50, down by Rs 1.30 and
Colombo Dockyard closed at Rs 256.00, drop of Rs 3.20. Moreover profit
realization was seen in speculative counters such as Laxapana Batteries
Plc, Regnis Lanka Plc and Radiant Gems Plc.
Foreign participation was low at 8.5%. At the end of trading foreign
investors were net sellers with a net foreign outflow of Rs 88.0
million. Lanka Securities Research |