Bourse ends down;crossings boost turnover

Colombo stocks closed in red today with both benchmark indices recording negative returns. ASI dropped marginally by 2.03 index points (-0.04%) to close at 5,417.17 while sensitive MPI closed at 4,830.73, a drop of 20.51 index points (-0.42%).Daily market turnover stood at LKR 429.6mn.
 

John Keells Holdings topped the turnover list with an amount of LKR 85.3mn followed by Infrastructure Development (LKR 60.6mn) and Swarnamahal Financial Services (LKR 25.9mn). Four crossings were recorded in John Keells Holdings (333,033 shares at LKR 204.00p.s), Infrastructure Development (290,000 shares @ LKR 175.00p.s), Asia Assets Finance (7.0mn shares at LKR 3.50p.s) and Central Finance (122,966 shares at LKR 165.00p.s). Total value of these crossings amounted to 38% of the market turnover.

 

In addition, PC House, Swarnamahal Financial Services and Tochwood Investments were the mostly traded stocks during the day.

 

Price depreciations in index heavy counters such as John Keells Holdings (by LKR 2.10), Ceylon Tobacco (by LKR 3.70) and Central Finance (by LKR 3.70) contributed negatively to the index performances