ASI suffered its worst start to a year since 2002 as the index shed 35.39 points (-0.6%) to close at 6,192.87. S&P SL 20 index slid 23.94 points (-0.7%) to close at 3,472.50.
John Keells Holdings dipped 3.5% to LKR 140.00 amid selling pressure from the foreign investors. Further Trans Asia Hotels (closed at LKR 82.60, -12.1%) and Sri Lanka Telecom (closed at LKR 35.00, -2.8%) lost ground in today’s session dragging the index to the negative territory. Overall market sentiments remained bearish with 42 gainers and 62 losers. 74 stocks remained unchanged.
Market turnover was LKR 329mn. John Keells Holdings contributed 68% of the turnover supported by the only crossings of the day where 0.3mn shares changed hands at LKR 140.00. Apart from John Keells Holdings (LKR 222mn), Hemas Holdings managed to contribute LKR 49mn while other stocks did not managed to surpass LKR 5mn.
Market activity was most concentrated on John Keells Holdings while Melstacorp and Property Developers managed to gain some attention of the retail investors. Melstacorp lost further ground on its second day of trading and the share closed at LKR 58.00 down 2.2%. On the other hand, Property Developers retained its positive momentum and it closed 3.9% higher at LKR 108.60. Property Developers declared an interim dividend of LKR 15.00 per share last Thursday.
Foreign investors were net sellers of LKR 26mn worth of shares. Foreign participation was 23%. Top net outflows were seen in John Keells Holdings (LKR 78mn) and Tess Agro (LKR 1mn) while top net inflows were seen in Hemas Holdings (LKR 48mn) and Hatton National Bank (LKR 4mn).
Source: LSL
No comments:
Post a Comment