Uncertain market

16 Nov 2011 - {{hitsCtrl.values.hits}}

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.

Stock

Uncertain market

Most Popular Articles

Browns Investments completes acquisition of shares in Lipton Teas and Infusions Tanzania Limited

Auction yields slump for third consecutive week

ASPI crosses the 15,000 mark for the first time

November merchandise exports slide 5.6% YoY while services sector expands 21%

LATES'T NEWS

South Korea Jeju Air plane crash death toll rises to 124

Two workers drown at Matale Water Treatment Plant

Defence forces will be employed exclusively for their primary role of military assignments: Defence Secretary

At least 62 dead after South Korean jet crash-lands

Mahout trampled by elephant during Dodanduwa perahera