Indices record losses
4 January 2012 11:08 am
Colombo stocks ended in red zone today with notable losses in both benchmark indices. ASI dropped by 62.90 points (-1.04%) to close at 5,972.75 while sensitive MPI dropped by 53.99 points (-1.03%) to close at 5,120.89.
Daily market turnover was Rs.460mn.
John Keells Holdings (Rs.144.6mn) was the top contributor to the market turnover followed by Environmental Resources Plc (Rs.68.5mn) and Environmental Resources warrant 2012 (Rs.16.2mn)
Environmental Resources voting share and warrants were traded heavily during the day and ended with negative returns. Apart from ERI, counters such as HVA Foods, Citrus Waskaduwa and John Keells Holdings were among the mostly traded stocks.
Foreign participation accounted for 27% of the total market activity. At the end of the day foreign investors were net sellers with a net foreign outflow of Rs.10mn