After reaching all time high yesterday (Both ASI & MPI) market lost marginally today. Investors were cashing out their recent gains. ASI dipped 11.33 points to close at 3697.80 while Milanka index closed at 4239.57, down 25.64 points. Turnover was high at 1.60 billion rupees.
Index heavy weighted Dialog lost 25 cents to close at Rs 6.75 while diversified blue chip JKH lost 2.25 to end the day at Rs 173.00. The alcohol producer Distilleries Company of Sri Lanka Plc declined by two rupees to close at Rs 116.00. Malaysian based palm oil Company The Bukit Darah Plc lost 99.75 to close at Rs 3000.25. The ship builder Colombo Dockyard Plc was down by Rs 4.50 to close at Rs 301.25.
Aitken Spence Plc which has interest in tourism & transport sector gained 17.75 to close at Rs 1376.00 while Ceylon Hospitals Plc (Durdans) closed the day 15.00 higher at Rs 115.00. Ceylinco Insurance Plc closed at Rs 238.75, up 13.75. Hayleys Plc one of Sri Lanka’s oldest & diversified blue chip company gained 12 rupees to close at Rs 210.00.
Most of listed companies started releasing their December quarter results. Those results are showing fair improvement over previous quarters. The only matter that investors concerning is the net foreign out flow which was amounted three billion rupees so far this year.
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