Colombo Stock Market nosedivesMonday’s sharp fall created panic among investors and ASI lost more than 200 points during the early hours of the trading. At the end of the day ASI closed 127 points lower at 5536.09 while more liquid Milanka index lost 100.81 points to close the day at 4710.90.  Turnover was 1.28 billion rupees.

When Negativity Surrounds us we get more and more negative news. However there are hidden opportunities even in a bearish market.

Index heavy Carsons Cumberbatch Plc was down by 33.40 to close at Rs 484.10. The Bukit Darha Plc also closed 59 rupees lower at Rs 950.00. John Keells Holdings Plc closed at Rs 160.00, down 4.00. Distilleries Company of Sri Lanka Plc was dipped by six rupees to end the day at Rs 132.00. Environmental Resources Investments Plc (GREG) lost 1.40 to close at 27 rupees. 1,849,100 shares of GREG changed hands during the day.

185 stocks lost their value during the day and only 38 stocks managed to close higher. Illiquid Paragon Ceylon Plc was up by 600 rupees to close at 2000.00 but only 100 shares done. Nation Trust Bank Plc closed at Rs 57.60, up 2.60. Asian Hotels and Properties Plc closed at Rs 71.70, up 1.70.

Rs 179,153,979.00 foreign inflow was witnessed for the day.

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