The Colombo Stock Exchange fell sharply on Monday with both indices in the red on heavy selling pressure, brokers said.
The All Share Price Index fell 2.09 percent, down 144.39 points to close at 6,767.59 while the Milanka Price Index of more liquid stocks fell 1.76 percent, down 112.52 points to close at 6,274.45 on day which generated a turnover of Rs. 1.88 billion with a little over 89.3 million shares changing hands.
Counters that closed with positive gains amounted to 21 against 198 counters that closed in the red. Foreign investors were net sellers, with the outflow amounting to Rs. 141.18 million as against an inflow of Rs. 138.49.
John Keells Stockbrokers said the heavy selling pressure was driven by retail investors.
Trans Asia Hotels PLC was the highest contributor to turnover generating Rs. 253.6 million closing at Rs. 85 followed by Vallibel One, generating Rs. 232.2 million and closing at Rs. 29.30.
Orient Garments was the biggest gainer of the day, its share closing 8.05 percent up at Rs. 32.50 and was also the third highest turnover generator at Rs. 206.4 million. More than six million shares had changed hands during the day.
Ceylon Beverage Holdings was the biggest loser, down 24.10 percent to close at Rs. 605.10.
SMB Leasing saw a little more than nine million shares change hands, with its price gaining 6.43 percent to close at Rs. 75.
Distilleries featured in crossing where 475 thousand shares were traded at Rs. 180 each. People’s Merchant PLC also so a million shares change hands through a crossing at Rs. 23.80 each.
source - www.island.lk
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