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Friday, August 12, 2011

Market ends in red

Colombo stocks ended in red today with both indices recording losses.

ASI dropped 52.81 points (0.78%) to close at 6,767.09 while sensitive MPI closed at 6,108.96, a dip of 34.24 index points (0.56%).

Daily market turnover reached Rs 2.5 billion.

Ceylinco Seylan Development Plc emerged as the top contributor to the market turnover with an amount of Rs 638.4 million. Ceylinco Seylan Development was the mostly traded counter during the day where a total of 33.7 million shares traded. Counter reached a high of Rs 20.60 and closed at Rs 17.10, down Rs 1.80.

Further, East West Properties Plc (Rs 230.8 million) and Laxapana Batteries Plc (Rs 113.4 million) contributed significantly to the daily turnover while attracting heavy retail investor interest throughout the day.

Meanwhile, Marawila Resorts Plc, Lanka Hospitals Plc and Orient Garment Plc were among the actively traded counters of the day.

Softlogic Finance Plc Rights commenced its trading today and ended as the top gainer. The counter reached the high of Rs 6.50 and closed at Rs 2.90, up Rs 2.30 (+383.3%).

Foreign participation accounted for 6.5% of the total market activity and at the end of the day foreign investors ended as the net sellers with a net foreign outflow of Rs 44.5 million.

source - www.dailynews.lk