Uncertain market

16 Nov 2011 - {{hitsCtrl.values.hits}}

Uncertainties in the Colombo Bourse continued further as benchmark indices skidded down to the negative territory.

ASI dipped by 69.42 points (-1.14%) and closed at 6,022.88 while sensitive MPI decreased by 124.04 points (-2.4%) to settle at 5,272.99

Market turnover was recorded at Rs.590.11mn.

Colombo Land & Development Plc (Rs.48.9mn) recorded the highest turnover with heavy trading followed by HVA Foods Plc (Rs.35.3mn) and United Motors Lanka Plc (Rs.27.6mn)

Meanwhile retail counters such as E-Channeling Plc, Panasia Power Plc and PC House Plc recorded active level of trading.

Foreign participation was recorded at 8.30% of the total market activity and at the end of the day foreign investors were the net buyers with a net foreign inflow of Rs.16.05mn.

Price depreciation in blue chips such as John Keells Holdings Plc (down Rs.3.20), Sri Lanka Telekom Plc (down Rs.0.80) and Ceylon Tobacco Plc (down Rs.8.20) pulled down the overall market performances.

Stock

Uncertain market

Most Popular Articles

LAUGFS gas prices remain unchanged

CSE slides sharply as Middle East tensions trigger broad-based selling

New US tariff could erode Sri Lanka’s export competitiveness: CCC warns

CSE extends losses as geopolitical risks and tariff concerns weigh on sentiment

CSE rebounds as lower oil prices and strong crossings lift sentiment

Pelwatte Dairy commissions Sri Lanka’s largest dairy effluent treatment plant

Latest News

Gold fever sends some vintage luxury watches to the melting furnace

Iran and US close on initial deal, Tehran says no signing on Sunday

Minor flood situation reported in Kuda Ganga sub-basin

Education will be protected in any crisis: PM

Disabled university students to receive Rs. 5,000 allowance