Market in Red

Colombo stocks ended in red yesterday with benchmark indices recording losses. ASI closed at 4,832.15, a drop of 32.97 points (-0.68%) while MPI dropped 12.88 points (-0.30%) to close at 4,315.09. YTD return on ASI is negative 20.45%.

Daily market turnover lowered to Rs.349 million compared to the previous day.

John Keells Holdings posted the top turnover of Rs.51.3 million followed by Colombo Land and Development (Rs.25.6mn) and Ascot Holdings (Rs.24.3 million). Ascot Holdings recorded a crossing of 105,000 shares at Rs.203.00 per share. Sanasa Development Bank was listed in the stock exchange today by an introduction. Reference price for a share of Sanasa Development Bank is Rs.125.00.

However, the stock did not trade during the day.

Panasian Power, Free Lanka Capital Holdings and PC House were the mostly traded stocks during the day.

Foreign participation stood at 19% of the total market activity and at the end of the day foreign investors were the net buyers with a net foreign inflow of Rs.44 million. Lanka Securities Research