Colombo Stocks continue to fall after reaching all time high in last week. ASI lost 26.47 points to close at 2691.04 while more liquid Milanka closed at 4193.75, lost 2.09 points. Turnover recorded for the day was 639.6 million rupees. The Registrars to the Ceylon Tea Brokers IPO, P W Coperate Secretarial (Pvt) Ltd has informed the oversubscription of said IPO.   
Despite massive loss (Rs 12 billion +) that announced by Dialog Telekom yesterday, it was closed 25 cents higher at Rs 7.00. Sri Lanka Telecom lost 1.25 to close at Rs 40.25.
The Bukit Darah Plc was down by Rs 199.00 to close at Rs 3300.50 while rarely traded company The Autodrome Plc lost fifty rupees to end the day at Rs 300.00. Ceylon Investment Plc lost 14.75 to close at Rs 260.00. Ceylon Tobacco Company Plc a subsidiary of multinational BAT group closed at Rs 236.00, down eight rupees.
Convenience Foods (Lanka) Plc, manufacturers of Soya Food product closed at Rs 126.75, up seven rupees.  Ceylinco Insurance Plc was up by 5.75 to close the day at Rs 240.00.
Foreigners were net sellers today with Rs 30.5 million purchases & Rs 80.4 million sales.

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Filed under: Daily Stock Market Report • IPO

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