Indices gained during early trading amidst interest witnessed in selected counters but started to drop during the latter half to close in red with continuous forced selling.
However, heavy trading witnessed in counters like and Lanka Orix Finance Company and Regnis (Lanka) boosted the turnover.
Banks, Finance and Insurance sector was the main contributor to the market turnover (due to Lanka Orix Finance Company) and the sector index decreased by 0.31%. Lanka Orix Finance Company was the main contributor to the market turnover with a crossing of 52,000,000 shares at Rs 12.
The share price decreased by Rs 0.10 (0.91%) and closed at Rs 11. Foreign holding of the company decreased by 52,000,000 shares. Manufacturing sector also contributed significantly to the market turnover (due to Regnis (Lanka)) and the sector index decreased by 0.57%. The share price of Regnis (Lanka)) increased by Rs 45.50 (19.57%) and closed at Rs 275.
Interest was witnessed in Radiant Gems and Colonial Motors while profit taking took place in The Finance Company and Colombo Land & Development. The share price of Radiant Gems increased by Rs 18.90 (11.48%) and closed at Rs 185.
source - www.dailymirror.lk
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