Both indices in the red for fifth consecutive day

5:36 PM // 0 comments // samavadey // Category: news A new trading week commenced in the Colombo bourse with a massive set back with both indices falling into red for fifth consecutive day. Activities in the market were such uninspiring that only 27 recorded gains.

ASI dropped significantly by 111.34 points (-1.49 percent) to close at 7,345.48 while high liquid MPI dropped 91.84 points (-1.32 percent) to close at 6,855.27.


Central Finance Company (Rs 252.7mn) Plc featured as the highest contributor to the turnover as 41,000 shares crossed hands at a price of Rs 1, 430.00.

In addition companies such as John Keells Holdings Plc (Rs 106.5mn) and Lankem Development Plc (Rs 65.7mn) made note-worthy contributions to the daily turnover.

Lankem Development Plc was also the highest traded counter during trading hours.

A 10 percent price band been imposed on Beruwela Walk Inn Plc (BINN) with effect from April 26, 2011 to May 10, 2011.

Meanwhile Free Lanka Capital Holdings Plc and Pelawatte Sugar Industries Plc witnessed significant level of market activity. Foreign participation was 10.0 percent of the total market activity.

At the end of the day foreign investors were the net buyers with a net foreign inflow of Rs 72.0 million.

Lanka Securities

source - www.dailynews.lk