Market in red

Market ended in red where both benchmark indices dropped marginally. ASI dropped 1.52 points (-0.03%) to end at 5,440.01 while sensitive MPI dropped 4.60 index points (-0.09%) to end at 4,886.80.

Daily market turnover was Rs. 312.7 million.

Premier blue-chip John Keells Holdings (Rs. 44.6 million) recorded the top turnover followed by CIC Holdings (Rs. 27.1 million) and DFCC Bank Rs. 14.1 million). No off-the floor deals were recorded during the day. Mackwoods Energy Limited, which offered 100 million shares at Rs 14.00 per share,

commenced its secondary trading today and ended as the heavily traded stock. It reached the high of Rs. 16.00 and closed at Rs. 14.50, up Rs. 0.50. Lanka Securities Research