Market saw a correction yesterday as recent hot picks such as John
Keells Holdings, Commercial Bank and Sampath Bank saw their share prices
dropping. Turnover levels fell today as activity on the above mentioned
stocks witnessed little activity. Retail investors also remained on the
ASI dropped by 30.94 points (-0.63%) to close at 4,908.72, MPI lost
58.83 points (-1.28%) to close at 4,521.32 and the S&P index dropped
20.90 points (-0.75%) to close at 2,778.88. Turnover was Rs. 209Mn.
Top contributors to turnover were John Keells Holdings with Rs.
46.4Mn, Panasian Power with Rs. 21.3Mn and Seylan Bank non-voting with
Rs. 12.9 Mn. Most active counters for the day were Commercial Credit
which announced a Rs. 1.00 dividend, Swarnamahal Financial Services and
HVA Foods. Notable gainers for the day were Harischandra Mills up by
13.9% to close at Rs. 2,899.00, Kelsey Homes up by 7.6% to close at Rs.
15.60 and Asian Alliance Insurance up by 3.6% to close at Rs. 84.00.
Lanka Securities Research