Market opened on a positive note but the main index dropped
after mid-day on retail selling. It’s assumed as a result of retail investors
taking a cue from recent upward pressure on interest rates. News of Cargills/CT
Holdings securing IFC backing for their bank failed to show a marked gain on
their prices.
ASI dropped 14.08 points (0.25%) to close at 5,677.31 and
the S&P SL20 index gained 6.45 points (0.20%) to close at 3,229.19.
Turnover was Rs. 557.0Mn.
Top contributors to turnover were John Keells Holdings with
Rs. 135.2Mn, Commercial Bank with Rs. 102.8Mn and Kuruwita Textile with Rs.
47.4Mn. Most active counters for the day were PC House, Nation Lanka Finance
and Central Investments & Finance.
Notable gainers for the day were Ceylinco Insurance non-voting
up by 5.5% to close at Rs. 327.00, Browns up by 4.4% to close at Rs. 116.00 and
Namunukula plantations up by 4.1% to close at Rs. 77.00. Notable losers for the
day were Orient Garments down by 7.6% to close at Rs. 8.50, Kotagala
Plantations down by 7.2% to close at Rs. 50.00 and Central Investments &
Finance down by 6.5% to close at Rs. 2.90.
Cash map for today was 57.58%. Foreign participation was
27.11% of total market turnover whilst net foreign buying was Rs. 45.01Mn.
.
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