Market fluctuated within narrow range & ASI closed 12.33 points lower at 3730.67 while MPI, the index that represent more liquid stocks closed 3.48 points lower  to close at 4321.06. Turnover was amounted to 1.21 billion rupees.
Merchant Bank of Sri Lanka Plc the managers of Raigam Wayamba Salterns IPO has informed CSE that the said IPO was oversubscribed & will closed at 4.30 PM today.
Ceylon Tobacco Plc a unit of British American Tobacco closed at Rs 245.00, up five rupees. Rarely traded Harishchandra Mills Plc was up by 61.75 to close at Rs 941.75. Commercial Bank of Ceylon Plc gained 1.25 to close at Rs 191.50.
Diversified Blue Chip John Keells Holdings Plc (JKH) ended the day unchanged at Rs 170.00. Over 4.4 million shares of JKH traded during the day.
The Bukit Darah Plc lost 65.00 to close at Rs 3000.00 while Metropolitan Resource Holdings Plc (another rarely traded company) closed the day 26.25 lower at Rs 42.50. Sri Lanka Telecom lost 50 cents to close at Rs 36.00 while Dialog Telekom closed flat at Rs 7.25. Distilleries Company of Sri Lanka Plc also dipped by one rupee to end the day at Rs 112.75.
 Foreign investors were net buyers today with Rs 655.9 million worth of purchases & Rs 346.1 million sales.
Investors were in wait & see attitude due to upcoming General Election & Sinhala / Tamil new year.

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Filed under: CSE Daily Stock Market Report • IPO

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