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Wednesday, August 24, 2011

Indices in red

Market ended in a negative sentiment as benchmark indices slipped into red zone yesterday. ASI dropped 66.30 points (-0.97 percent) to close at 6,861.73 while sensitive MPI closed at 6,219.03, a dip of 73.32 points (-1.17 percent).

Market turnover stood at Rs 1.6bn.

HVA Foods Plc (Rs 167.0mn) was the top contributor to the market turnover followed by Asiri Hospitals Plc (Rs 141.7mn) and Colombo Land and Development Plc (Rs 80.9mn).

Samson International Plc turned out to be the top gainer of the day with heavy trading. Further, Asiri Hospitals Plc and Asiri Surgical Hospitals Plc demonstrated more investor participation during the day and closed among the top gainers. Accordingly Healthcare sector emerged as the most gained sector of day.

A single crossing of 241,000 shares was recorded from National Development Bank Plc at a price of Rs 135.00 per share. NDB closed at Rs 136.00.

Foreign participation was lower and it accounted for 5.8% of the total market activity. Foreign investors ended as net sellers with a net outflow of Rs 44.4mn.

source - www.dailynews.lk