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Colombo shares on Friday following a two-day strong recovery, saw its performance plummeted somewhat with analysts saying that it was led by the lenient reigns of the small scale traders feasting on profit taking, analysts said.
Market demonstrated a significant drop at the end of the day’s trading. The All Share Price Index ASPI closed the day at 5,012.84 dropping 25.31 points and The S&P SL20 Price Index dropped 18.96 points to close at 2,828.54. The liquid Milanka Price Index M PI closed the day decreasing 56.29 points to end the day at 4,636.53, a stock broker said.
The discounted market gained positive momentum during the week surpassing the 5,000 points on ASPI again. First four days of the week enjoyed from impressive appreciations on all indices. However, market closed the week under the heavy selling pressure prevailed on Friday, he revealed.
The weekly turnover was Rs 3.81billion. The foreign investors’ participation extensively increased during the week and it concluded the week with a net foreign inflow of Rs. 1.352 billion,which is a 65.02% increase compared to the previous week’s net foreign inflow. Asiri Hospital Holdings PLC (615.6million), Asiri Central Hospitals PLC (604.5million) and John Keells Holdings (487.5million) were the major contributors for the weekly turnover mainly due to crossings recorded on those stocks.
The traded share volume for the period was 205.8million shares which is a 126.46% increase compared to the previous week. Asiri Hospital Holdings PLC was the highest traded counter with 82 million shares changing hands during the week.(DEC).
http://sundaytimes.lk/index.php?option=com_content&view=article&id=23445:colombo-shares-plummet-on-profit-taking&catid=77:news&Itemid=563
Market demonstrated a significant drop at the end of the day’s trading. The All Share Price Index ASPI closed the day at 5,012.84 dropping 25.31 points and The S&P SL20 Price Index dropped 18.96 points to close at 2,828.54. The liquid Milanka Price Index M PI closed the day decreasing 56.29 points to end the day at 4,636.53, a stock broker said.
The discounted market gained positive momentum during the week surpassing the 5,000 points on ASPI again. First four days of the week enjoyed from impressive appreciations on all indices. However, market closed the week under the heavy selling pressure prevailed on Friday, he revealed.
The weekly turnover was Rs 3.81billion. The foreign investors’ participation extensively increased during the week and it concluded the week with a net foreign inflow of Rs. 1.352 billion,which is a 65.02% increase compared to the previous week’s net foreign inflow. Asiri Hospital Holdings PLC (615.6million), Asiri Central Hospitals PLC (604.5million) and John Keells Holdings (487.5million) were the major contributors for the weekly turnover mainly due to crossings recorded on those stocks.
The traded share volume for the period was 205.8million shares which is a 126.46% increase compared to the previous week. Asiri Hospital Holdings PLC was the highest traded counter with 82 million shares changing hands during the week.(DEC).
http://sundaytimes.lk/index.php?option=com_content&view=article&id=23445:colombo-shares-plummet-on-profit-taking&catid=77:news&Itemid=563
