Profit taking was quite evident today as retail investors cashed in before the weekend. Activity on blue-chips remained relatively low which was reflected by a lower turnover. Weligama Properties, a subsidiary of East West Properties announced a private placement today with the latter rising by almost 10%.
ASI dipped 9.78 points (-0.17%) to close at 5,767.60 and the S&P SL20 index dipped 5.06 points (0.15%) to close at 3,316.75. the turnover was Rs. 399.2Mn.
Top contributors to turnover were John Keells Holdings 79.3Mn, Hatton National Bank with Rs. 32.7Mn and Carson Cumberbatch with Rs. 32.2Mn. Most active counters for the day were Union Bank, Vallibel One and Colombo Land & Development.
Notable gainers for the day were Convenience Foods up by 11.5% to close at Rs. 220.00, East West up by 9.9% to close at Rs. 14.50 and Huejay up by 5.7% to close at Rs. 72.00. Notable losers for the day were Union Bank down by 8.0% to close at Rs. 20.80, Kotagala Plantations down by 5.2% to close at Rs. 55.00 and Taj Lanka down by 4.2% to close at Rs. 25.00.
Cash map for today was 40.11%. Foreign participation was 26% of total market turnover whilst net foreign buying was Rs. 112.2Mn.
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