Dip at Colombo Bourse persists
The Colombo bourse’s main indices continued to head south as the benchmark, All Share Price Index (ASPI) dropped 0.85% (49.98 points) and the S&PSL20 index closed at 3,190.66 points losing 1.23% (39.70 points).
SC Securities said the market turnover improved almost three fold to Rs. 579.87Mn over Monday’s level but remained well short of the year to date average daily turnover.
Over half of the days’ turnover was contributed by market heavy weight John Keells Holdings (JKH) while the other major turnover generators were the two warrants of JKH (JKH.W22 & JKH.W23), Ceylon Guardian (GUAR) & Tokyo Cement Company (TKYO).
TKYO continued to attract investor interest. The counter generated a turnover of Rs. 16.26Mn over a volume of 625k shares, however TKYO closed flat at Rs. 26.00.
Foreigners ended the day as net sellers with foreign sales worth of Rs. 203.34Mn against foreign purchases worth of Rs. 109.52Mn resulting in a net foreign outflow of Rs. 93.83Mn.
