LBO – Colombo stocks continued their decline hitting new lows for 2018.
Key indices were both lower with the All Share Price Index (ASPI) down .77% and the S&P SL 20 down 1.34% on the session.
Turnover was a weak Rs566mn (US$3.6mn).
The trend of foreign selling continued as net foreign sales were Rs183mn (US$1.2mn).
Year to date the ASPI is down 4.52% while the S&P SL 20 is now down 10%.
Index heavyweight John Keells Holdings (JKH) was hit hard down 3.4%, with trading in its shares accounting for 32% of the total paltry market turnover.
With stocks moving down steadily and closing at the lows of the day, several brokers expect the pain to continue.
Key indices were both lower with the All Share Price Index (ASPI) down .77% and the S&P SL 20 down 1.34% on the session.
Turnover was a weak Rs566mn (US$3.6mn).
The trend of foreign selling continued as net foreign sales were Rs183mn (US$1.2mn).
Year to date the ASPI is down 4.52% while the S&P SL 20 is now down 10%.
Index heavyweight John Keells Holdings (JKH) was hit hard down 3.4%, with trading in its shares accounting for 32% of the total paltry market turnover.
With stocks moving down steadily and closing at the lows of the day, several brokers expect the pain to continue.
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