The Colombo bourse lost ground for second day running. The Colombo benchmark index, the All Share Price Index (ASPI) lost over 125 points during the early trading hours but recovered to end 1.04% (61.67 points) lower over yesterdays’ close. The MPI too lost 0.98% (54.22 points). The S&P SL 20 Index witnessed a fall of 1.14% (36.09 points) to end the day at 3,141.64 points. The ASPI & the MPI closed the day at 5,849.14 points and 5,488.71 points respectively.
Market turnover narrowed down marginally over yesterday’s turnover to generate LKR 1,222.29 Mn over a volume of 70.67 Mn. The top turnover generators for the day were John Keells Holdings PLC (JKH), Nation Lanka Finance PLC (CSF), Browns Beach Hotels PLC (BBH), Central Investments & Finance PLC (CIFL) and The Lanka Hospital Corporation PLC (LHCL).The five top turnover generators accounted for circa 35% of the total market turnover.
Market heavy weight, JKH witnessed two block trades of 100k shares each at an uniform price of LKR 218.00. The counter generated a total turnover of LKR 227.53 Mn including the turnover generated through the crossings. JKH traded at a low of LKR 215.00 and a high of LKR 218.20 before ending at LKR 218.00, witnessing a upside of 0.46% (LKR 1.00) over yesterday’s close.
CSF generated a turnover of LKR 72.69 Mn with over a volume of 4.8 Mn shares transacting during the day. The counter declined however by 2% (LKR 0.30) to end the day at LKR 14.70.
BBH witnessed further upside and ended at LKR 28.80 rising 5.49% (LKR 1.50) over yesterday’s close. CIFL declined by 24.53% (LKR 2.60) over the previous close to end at a price of LKR 8.00.
Foreigners ended the day as net buyers with foreign purchases worth of LKR 235.39 Mn against foreign sales worth of LKR 45.64 Mn resulting in a net inflow of LKR 189.75 Mn.