Market ends in red
Colombo stocks ended in red today with both indices recording losses.
ASI dropped 52.81 points (0.78%) to close at 6,767.09 while sensitive
MPI closed at 6,108.96, a dip of 34.24 index points (0.56%).
Daily market turnover reached Rs 2.5 billion.
Ceylinco Seylan Development Plc emerged as the top contributor to the
market turnover with an amount of Rs 638.4 million. Ceylinco Seylan
Development was the mostly traded counter during the day where a total
of 33.7 million shares traded. Counter reached a high of Rs 20.60 and
closed at Rs 17.10, down Rs 1.80.
Further, East West Properties Plc (Rs 230.8 million) and Laxapana
Batteries Plc (Rs 113.4 million) contributed significantly to the daily
turnover while attracting heavy retail investor interest throughout the
Meanwhile, Marawila Resorts Plc, Lanka Hospitals Plc and Orient
Garment Plc were among the actively traded counters of the day.
Softlogic Finance Plc Rights commenced its trading today and ended as
the top gainer. The counter reached the high of Rs 6.50 and closed at Rs
2.90, up Rs 2.30 (+383.3%).
Foreign participation accounted for 6.5% of the total market activity
and at the end of the day foreign investors ended as the net sellers
with a net foreign outflow of Rs 44.5 million.