Sri Lankan shares ended lower Monday on news of the arrest of a US hedge fund manager with big stakes in the island and uncertainty over a trade deal with the European Union.
The All Share Price Index closed down 1.56 percent (49.00 points) to end at 3,082.91, while the Milanka Index of more liquid stocks dropped 1.93 percent (68.60 points) to close at 3,478.33, according to provisional stock exchange data. Market Activity - 19.10.2009
Turnover was 885.2 million rupees.
There was a net foreign inflow of 2.8 million rupees as foreigners bought 99.9 million rupees worth of shares and sold 97.1 million rupees.
Sri Lanka's stock market has risen sharply since May when government forces defeated the Tamil Tiger separatists, ending a 30-year war that had retarded the economy which could now be revived.
Sri Lankan-born Raj Rajaratnam and the Galleon Fund managed by him had investments of over 12 billion rupees in the Colombo bourse.He also has supposedly bought over 52 million shares of conglomerate John Keells Holdings (JKH) with his personal funds,
JKH closed at 148.00 rupees, down 5.00 with 371,600 shares traded.
Other significant investments made by the Galleon Fund include National Development Bank (NDB), Commercial Bank, Chemical Industries (Colombo) and DFCC Bank.Commercial Bank closed at 187.00 rupees, down 3.75, and DFCC Bank closed at 159.00 rupees, down 5.25.
Chemical Industries (Colombo) closed at 67.00 rupees, down 1.00, and NDB closed at 197.00 rupees, down 4.00.
Dialog Telekom closed at 7.25 rupees, down 25 cents, and Sri Lanka Telecom closed at 45.00 rupees, down 1.00.
Tokyo Cement non-voting closed at 17.50 rupees, down 50 cents with over one million shares changing hands.
Retailer favorites Lanka Cement closed flat at 30.25 rupees, while forestry company Touchwood Investments closed at 93.75 rupees, down 1.25.
Close-ended-fund, NAMAL Acuity Value Fund closed at 49.00 rupees, one rupee below its issued value.
Monday 19 October 2009
* Market Activity - 19.10.2009
Market Activity At 02.30 pm
Share Volume | 47,863,300
Turnover | 885,271,382.25
ASI | 3,082.91 | -49.00 | -1.56%
MPI | 3,478.33 | -68.60 | -1.93%
Market Activity At 02.00 pm
Share Volume | 45,608,509
Turnover | 844,614,419.50
ASI | 3,089.28 | -42.63 | -1.36%
MPI | 3,479.27 | -67.66 | -1.91%
Market Activity At 01.30 pm
Share Volume | 43,022,885
Turnover | 805,172,087.50
ASI | 3,095.32 | -36.59 | -1.17%
MPI | 3,497.91 | -49.02 | -1.38%
Market Activity At 01.00 pm
Share Volume | 40,604,004
Turnover | 726,805,966.50
ASI | 3,096.06 | -35.85 | -1.14%
MPI | 3,498.06 | -48.87 | -1.38%
MarketActivity At 12.30 pm
Share Volume | 37,883,967
Turnover | 677,744,513.75
ASI | 3,088.85 | -43.06 | -1.37%
MPI | 3,493.87 | -53.06 | -1.50%
Market Activity At 12.00 pm
Share Volume | 33,280,351
Turnover | 613,942,729.75
ASI | 3,068.72 | -63.19 | -2.02%
MPI | 3,466.63 | -80.30 | -2.26%
Market Activity At 11.30 am
Share Volume | 28,542,522
Turnover | 523,837,886.25
ASI | 3,030.19 | -101.72 | -3.25%
MPI | 3,415.67 | -131.26 | -3.70%
Market Activity At 11.00 am
Share Volume | 21,486,876
Turnover | 416,023,171.25
ASI | 3,014.82 | -117.09 | -3.74%
MPI | 3,400.76 | -146.17 | -4.12%
Market Activity At 10.30 am
Share Volume | 13,099,170
Turnover | 265,447,806.50
ASI | 3,060.74 | -71.17 | -2.27%
MPI | 3,445.74 | -101.19 | -2.85%
Market Activity At 10.00 am
Share Volume | 8,092,446
Turnover | 147,757,614.00
ASI | 3,071.57 | -60.34 | -1.93%
MPI | 3,466.38 | -80.55 | -2.27%
Share Volume | 47,863,300
Turnover | 885,271,382.25
ASI | 3,082.91 | -49.00 | -1.56%
MPI | 3,478.33 | -68.60 | -1.93%
Market Activity At 02.00 pm
Share Volume | 45,608,509
Turnover | 844,614,419.50
ASI | 3,089.28 | -42.63 | -1.36%
MPI | 3,479.27 | -67.66 | -1.91%
Market Activity At 01.30 pm
Share Volume | 43,022,885
Turnover | 805,172,087.50
ASI | 3,095.32 | -36.59 | -1.17%
MPI | 3,497.91 | -49.02 | -1.38%
Market Activity At 01.00 pm
Share Volume | 40,604,004
Turnover | 726,805,966.50
ASI | 3,096.06 | -35.85 | -1.14%
MPI | 3,498.06 | -48.87 | -1.38%
MarketActivity At 12.30 pm
Share Volume | 37,883,967
Turnover | 677,744,513.75
ASI | 3,088.85 | -43.06 | -1.37%
MPI | 3,493.87 | -53.06 | -1.50%
Market Activity At 12.00 pm
Share Volume | 33,280,351
Turnover | 613,942,729.75
ASI | 3,068.72 | -63.19 | -2.02%
MPI | 3,466.63 | -80.30 | -2.26%
Market Activity At 11.30 am
Share Volume | 28,542,522
Turnover | 523,837,886.25
ASI | 3,030.19 | -101.72 | -3.25%
MPI | 3,415.67 | -131.26 | -3.70%
Market Activity At 11.00 am
Share Volume | 21,486,876
Turnover | 416,023,171.25
ASI | 3,014.82 | -117.09 | -3.74%
MPI | 3,400.76 | -146.17 | -4.12%
Market Activity At 10.30 am
Share Volume | 13,099,170
Turnover | 265,447,806.50
ASI | 3,060.74 | -71.17 | -2.27%
MPI | 3,445.74 | -101.19 | -2.85%
Market Activity At 10.00 am
Share Volume | 8,092,446
Turnover | 147,757,614.00
ASI | 3,071.57 | -60.34 | -1.93%
MPI | 3,466.38 | -80.55 | -2.27%
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