Wednesday, October 3, 2012

Bourse falls for second continuous day

All three indices closed in the red on Tuesday (02) on profit taking with turnover reaching Rs. 748.3 million on 32 million shares changing hands during the day.

The All Share Price Index closed 0.60 percent lower, down 35.73 points at 5,928.53. The Milanka Price Index of more liquid stocks fell 0.99 percent, down 55.79 points to close at 5,576.74 while the S&P SL20 closed 0.44 percent lower at 3,222.40.

"The indices dipped further on profit taking amid low activity levels with trades on Touchwood and LOLC accounting for almost 30% of turnover," John Keells Stockbroker said.

A net foreign inflow of Rs. 24.26 million was realised on foreign purchases amounting to Rs. 91.42 million.

"Losers outpaced gainers with Shalimar, Lanka Walltiles and Tea Smallholder declining by 13.6%, 12.7% and 9.7% smoothening out advances in Abans Finance, Bimputh Finance and LB Finance which rose by 11.5%, 10.7% and 8.7% respectively," DNH Financial said.

Touchwood saw 5.9 million shares change hands, closing 2.14 percent higher at Rs. 19.10 while LOLC closed 0.20 lower at Rs. 50.60 with a little more than two million shares traded.

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