Colombo stocks down for the 2nd day of the week. ASI lost 14.5 points to close at 1797.85. MPI lost 28.01 points to close at 1902.33. Main contributors for the lost in indices was JKH, Commercial Bank & Distilleries.

Turnover was Rs 64.2 million.
Commercial Bank lost Rs 4.25 to close Rs 87.25 while JKH ended the day 1.25 lower at Rs 66.75. Heyleys Plc also lost Rs 4.25 to close at Rs 100.75.

Highly illiquid Hunters & Co lost Rs21.00 to close at Rs 239.00.

There were Rs 5.9 million foreign purchases & Rs 6 million foreign sales during the day.
Foreigners are likely to stay away from the market until they see some stability in local currency which was in downward path over last few weeks against US$.

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