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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Market crashes to record monthly low

Market crashes to record monthly low

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1Market crashes to record monthly low Empty Market crashes to record monthly low Sat Jun 02, 2012 10:08 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The markets extended losses for the second consecutive week. The All Share Index closed at 4,885 almost 124 points lower than its previous week.

The Milanka Index fell 183 points to close at 4,343. Earlier the week began on a pessimistic note and the markets fell sharply in the first two trading days of the week. There was no stopping for the markets as the stocks fell amid thin volumes, however the markets stabilized during the mid of the week after touching the lows of 4,803 and managed to register some gains on Friday.

The major gainers this week were SLTL.N, CTLD.N and SINS.N. The major losers were NDB.N, SAMP.N and RICH.N. The month of May 2012 has largely been a bad month for the bourses as the All Share Index declined almost 587 points or 10.83 % in this month, the biggest percentage fall on a closing basis over the last couple of years.
http://www.nation.lk/edition/biz-news/item/6650-market-crashes-to-record-monthly-low.html

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