Market started on a negative note as negative developments
in the macro-economic front and motions against Sri Lanka at the UNHCR factored
in during today’s trading. Most blue-chips lost ground as retail selling also
picked up. Private deals on blue-chips helped buoy turnover levels. The market
is developing into a buyers’ market whereby opportunities for bargain hunting
will arise.
ASI lost 66.13 points (1.15%) to close at 5,669.48 and the
S&P SL20 index lost 27.86 points (0.86%) to close at 3,195.42. Turnover was
Rs. 714.0Mn.
Top contributors to turnover were John Keells Holdings with
Rs. 236.6Mn, Commercial Bank with Rs. 143.9Mn and Nations Trust Bank with Rs.
56.5Mn. Most active counters for the day were Touchwood Investments, AIA
Insurance and Commercial Bank.
Notable gainers for the day were AIA Insurance up by 13.9%
to close at Rs. 336.00, Piramal Glass up by 1.6% to close at Rs. 6.20 and
Citrus Leisure up by 1.6% to close at Rs. 20.60. Notable losers for the day
were Orient Garments down by 12.8% to close at Rs. 8.90, Citrus Leisure
warrant-19 down by 10.0% to close at Rs. 2.70 and Capital Guardian partners
down by 7.5% to close at Rs. 38.50.
Cash map for today was 36.91%. Foreign participation was
40.57% of total market turnover with net foreign inflow of Rs. 361.0Mn.
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