Uncertain market

16 November 2011 12:19 pm Views - 6946

Uncertainties in the Colombo Bourse continued further as benchmark indices skidded down to the negative territory.
 
ASI dipped by 69.42 points (-1.14%) and closed at 6,022.88 while sensitive MPI decreased by 124.04 points (-2.4%) to settle at 5,272.99
 
Market turnover was recorded at Rs.590.11mn.
 
Colombo Land & Development Plc (Rs.48.9mn) recorded the highest turnover with heavy trading followed by HVA Foods Plc (Rs.35.3mn) and United Motors Lanka Plc (Rs.27.6mn)
 
Meanwhile retail counters such as E-Channeling Plc, Panasia Power Plc and PC House Plc recorded active level of trading.
 
Foreign participation was recorded at 8.30% of the total market activity and at the end of the day foreign investors were the net buyers with a net foreign inflow of Rs.16.05mn.
 
Price depreciation in blue chips such as John Keells Holdings Plc (down Rs.3.20), Sri Lanka Telekom Plc (down Rs.0.80) and Ceylon Tobacco Plc (down Rs.8.20) pulled down the overall market performances.