Indices closed lower again today with many blue-chips losing
ground whilst John Keells Holdings managing to hold steady. Large deals on
banking counters Hatton National Bank and Commercial Bank helped to boost
turnover on day dominated by blue-chips. A period of stock picking is upon us
as we can expect a slight bearish trend in the near term.
ASI lost 37.11 points (0.64%) to close at 5,737.48 and the
S&P SL20 index lost 10.71 points (0.33%) to close at 3,238.57. Turnover was
Rs. 1,520.3Mn.
Top contributors to turnover were Hatton National Bank with
Rs. 799.5Mn, Commercial Bank with Rs. 281.0Mn and John Keells Holdings with Rs.
197.6Mn. Most active counters for the day were Central Investments &
Finance, Sampath bank and John Keells Holdings.
Notable gainers for the day were Dunamis Capital up by 6.9%
to close at Rs. 12.40, Asia Asset Finance up by 4.2% to close at Rs. 2.50 and
Pan Asian Power up by 3.70% to close at Rs. 2.80. Notable losers for the day
were City Housing down by 5.0% to close at Rs. 13.20, Dankotuwa Porcelain down
by 4.9% to close at Rs. 15.70 and Lankem Ceylon Down by 4.3% to close at Rs.
155.00.
Cash map for today was 34.75%. Foreign participation was
68.76% of total market turnover whilst net foreign buying was Rs. 301.1Mn.
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