The Colombo bourse wrapped its daily operation today with recording notable losses in benchmark indices. ASI dropped 79.84 index points (-1.49%) to end at 5,295.60 while liquid MPI lost 73.76 index points (-1.53%) and end at 4,741.69. The Daily market turnover stood at LKR 429.9mn.
John Keells Holdings (LKR 69.9mn) topped the turnover list followed by Nations Lanka Finance (LKR 57.5mn) and National Development Bank (LKR 29.6mn). Several Crossings were recorded in counters such as John Keells Holdings, Nations Lanka Finance and PC House.
Blue Diamond (voting and non voting), Environmental Resources and HVA Foods were the heavily traded stocks during the day. Blue Diamond –voting and non-voting shares dropped by LKR 0.40 (-15.4%) and LKR 0.60 (-10.5%) respectively. Company announced that it will not proceed with the proposed sub-division of shares as it was rejected by the shareholders at the EGM.
Foreign participation accounted for 14.2% of the total market activity. At the end of the day, foreign investors were net buyers with a net foreign inflow of LKR 62.1mn.
Dip in prices of index heavy counters namely Hatton National Bank (by LKR 10.00), Sampath Bank (by LKR 4.50), Carsons Cumberbatch (by LKR 14.00) and Nestle Lanka (by LKR 55.00) contributed negatively to the market performances.