Colombo ASI lost 27.26 points to close at 4574.29 while Milanka Index closed at 5257.53, down 32.64 points. Total equity turnover was 2.52 billion rupees. Index heavy Dialog Telekom & Commercial Bank was the major negative contributors today. Dialog lost 25 cents to close at Rs 9.50 while Commercial Bank voting shares lost 4.75 to end the day at Rs 179.75.
Dankotuwa Porcelain Plc (DPL) gained massive Rs 18.50(+88.1%) to close at Rs 39.50. Investors were speculating that DPL will recover with new owners. Over 19.5 million shares of DPL traded today. Sri Lanka’s leading Finance Company Central Finance was up by 23.75 to close at Rs 499.00 while Asiri Hospitals gained ten rupees to close at Rs 140.00.
Abans Electricals Plc was down by 43.25 to close at 175.00. HDFC lost 16.50 to close at Rs 293.50. The Bukit Darah Plc lost 162.50 to end the day at Rs 4237.50.
Few individual stocks are already overvalued but we feel still we can find stocks with potential growth. Today’s market PER was 23.51. Foreigners were net buyers today with Rs 734.41 million purchases & Rs 285.93 million sales.

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Filed under: Colombo Stock Market • daily

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