Despite positive start early in the day market has gradually came down later with relatively low turnover.  ASI lost 43.79 points to close at 5034.85 while more liquid Milanka Index (MPI) lost 53.03 points to close at 5710.02. Turnover was low at 860.10 million rupees.
Lanka Ashok Leyland Plc was up by 150 rupees to close at four thousand rupees. Aitken SpencePlc gained twenty five rupees to close at 1825.00. Ceylinco Insurance voting shares was up by 14.90 to close at Rs 305.00 while Bairaha Farms closed at Rs 86.40, up 7.80.
As an index heavy stock John Keells Holdings Plc was the main contributor for today’s drop by dropping 5.70 to close at Rs 250.30. The Swiss based food manufacturer Nestle Lanka Plc was down by 50 rupees on 100 shares to close at RS 620.00. Sri Lanka Telecom Plc lost 80 cents to close at Rs 37.80.
There were total of 56 gainers & 96 losers during the day. Foreign investors were net sellers with Rs 38.08 million purchases & Rs 140.50 in sales.     

PC House IPO – Basis of allotment.
PC House Ltd the recently oversubscribed IPO has announced the basis of allotment today. According to the announcement, Applicants who applied up to & inclusive of 2000 shares will get 100% shares applied. Applicants who applied over 2000 shares will get minimum allotment of 2000 shares, plus 18.1064% of the over & above 2000 shares rounded to nearest 100 shares.

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Filed under: Colombo Stock Exchange • daily • IPO

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