Sharp drops on counters such as John Keells Holdings and National Development Bank did not help to improve sentiments as the bourse tumbled again today. Turnover levels were higher as activity on John Keells Holdings improved whilst a single crossing on Aitken Spence took place. After many sessions of drops, many counters are reaching attractive price levels again.
ASI dropped by 51.66 points (0.89%) to close at 5,720.86, MPI lost 75.78 points (1.43%) to close at 5,229.37 and S&P index lost 34.82 points (1.11%) to close at 3,092.80. Turnover was Rs. 679.2Mn.
Top contributors to turnover were Aitken Spence with Rs. 138.2Mn, John Keells Holdings with Rs. 136.1Mn and Ceylon Hospitals with Rs. 57.8Mn. Most active counters were John Keells Holdings, Nation Lanka Finance and Singer Finance.
Notable gainers for the day were Dankotuwa Porcelain up by 4.9% to close at Rs. 19.40, Ceylon Hospitals up by 4.5% to close at Rs. 90.00 and Madulsima Plantations up by 4.4% to close at Rs. 21.20. Notable losers for the day were Hotel Sigiriya down by 6.1% to close at RS. 77.00, Orient Garments down by 5.0% to close at Rs. 17.00 and CIC Holdings non-voting down by 4.8% to close at Rs. 60.00.
Cash map for today was 50.37%. Foreign participation was 35.8% of total market turnover and foreigners were net sellers of Rs. 10.1Mn.