Colombo Stock Market lost further LKR 20.0bn market cap today and ended in negatively territory where both benchmark indices recorded notable losses. ASI lost 136.58 index points (-2.80%) to end at 4,748.60 while liquid MPI lost 135.68 index points (3.12%) to end at 4,207.80.
Market turnover was lower at LKR 286.7mn. No crossings were recorded during the day.
John Keells Holdings Recorded the top turnover of LKR 95.4mn followed by National Development Bank (LKR 17.3mn) and newly listed Commercial Leasing & Finance (LKR 11.8mn). Commercial Leasing & Finance, John Keells Holdings traded heavily during the day. Reference price of Commercial Leasing & Finance is LKR 5.00 and it reached the high of LKR 5.30 during the day to close at LKR 3.00, the lowest recorded during the day.
Meanwhile HVA Foods, Richard Pieris & Company and Environmental Resources Investments – warrant 0003 were among the mostly traded stocks.
Foreign participation was 26.3% of the total market activity. At the end of the day foreign investors were net sellers with a net foreign outflow of LKR 43.0mn.
Drop of prices in Index heavy Nestle Lanka (by LKR 47.30), Ceylon Tobacco (by LKR 15.90) and John Keells Holdings (by LKR 6.30) contributed negatively to the market performances.