Price declines in index heavy Sri Lanka Telecom (SLT), Commercial Bank of Ceylon Plc (COMB) & John Keells Holdings (JKH) caused the Colombo indices to close lower today. ASI was down by 43.56 points to close at 4591.17 while the recently revised MPI index which represents more liquid stocks also down by 42.07 points to close at 5261.75.
SLT lost 1.50 to close at Rs 36.50 while diversified Blue Chip JKH closed two rupees lower at 203.25. Commercial Bank voting shares dipped by six rupees to end the day at 186.25 while its nonvoting stocks lost 4.75 to close at Rs 149.75.
Despite 1 for 1 rights announcement @ Rs 73/-, Ceylon Leather Products Plc closed 50 cents lower at Rs 232.75. Aitken Spence Plc was down by 23.25 to close at Rs 1620.00.
The undervalued Housing Bank HDFC was up by 13.00 to close at Rs 275.25 while LB Finance closed three rupees higher at Rs 135.00. Ceylon Cold Stores gained fourteen rupees on 900 shares to close at Rs 255.00.
Total of 122 companies lost their value today & only 44 companies made gains. Foreign investors were net sellers with Rs 1.10 billion sales & Rs 463.2 million purchases.

*****With eToro Open Book you can Trade Forex Like a Highly Experienced Trader*****

Filed under: Colombo Stock Market • daily

Like this post? Subscribe to my RSS feed and get loads more!