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200 stocks or 85% gained but 27 including MNCs, blue chips dipped despite bull run

Aug 16, 2011 3:48:23 PM - www.ft.lk

On a day when gainers outnumbered losers comfortably the fact that 27 companies saw their share price dipped on a highly bullish landmark day will be an embarrassment for respective management and shareholders.

Overall there were 200 stocks which gained out of 236 traded. Seven closed unchanged whilst 27 dipped.

The biggest percentagewise losers yesterday were Lanka Ashok down 16%, Union Chemicals (10.5%) and Hayleys MGT (7.7%).
The others losers on the basis of main securities were CDIC, Kuruwita Textiles, Confifi, Kelsey, Orient Garments, Horana Plantations, Asia Capital, Autodrome, CT Holdings, CTC, HDFC, HNB, Industrial Asphalts, Kahawatte, Kandy Hotels, Lion Brewery, Nestlé, Nuwara Eliya, Radiant Gems, and Singalanka.

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