Stock Report Profit taking wipes out CSEs early gains Market opened on a higher note responding to the relaxation of Broker Credit Rule by SEC. Initially ASI gained more than 100 points but later came down gradually as investors started to book their profit. At the end of the day ASI closed 4.73 points lower at 5924.61 while MPI closed at 5012.41, down 33.68 points. Day’s turnover amounted to 1.38 billion rupees.

 

90 stocks made gains while 104 stocks lost their value during the trading session. The newly listed Asia Asset Finance Ltd (AAF) was up by further 2.70 to close at Rs 8.50. More than 45 million AAF shares changed hands during the day. Asiri Central Hospitals Plc was up by 21.20 to close at Rs 199.50 but only 100 shares traded. Hotel Sigiriya (HSIG) was up 5.80 to end the day at Rs 75.80.

 

Diversified Blue Chip John Keells Holdings Plc closed at Rs 162.50, down 2.10. Trans Asia Hotels Plc lost 3.60 to close at Rs 65.70. Singer Sri Lanka closed 5.60 lower at Rs 124.90.

 

Renuka Agri Foods Plc (RAL) has made an announcement regarding share purchase agreement entered with RichLife Dairies Ltd. According to the announcement RAL will purchase 76 percent of the issued capital of Richlife Dairies. RAL closed 10 cents higher at Rs 6.90.

 

Foreign investors were net sellers with net outflow of Rs 75,553,946.00.

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