Bourse back in redArticle No 21321
Posted on January 4, 2012 by Writer
The Colombo stock market ended lower for the second consecutive day for the week due to rising uncertainties .
ASI dipped by 39.22 points (-0.65%) to end at 6,035.65 and sensitive MPI decreased by 65.64 points (-1.25%) to close at 5,174.28. Market turnover was registered at Rs.380.1mn.John keells Holdings Plc (Rs.62.8mn) topped the turnover followed by Colombo Land & Development Plc (Rs.21.8mn) and Environmental resources Plc (Rs.16.3mn). Meanwhile active trading was witnessed in newly listed counters Waskaduwa Beach Resorts Plc and Kalpitiya Beach resorts Plc along with Tess Agro Plc. Waskaduwa Beach Resorts Plc closed at Rs.14.00, up Rs.1.50 (+12.0%) while Kalpitiya Beach resorts Plc closed at Rs.16.60, down Rs.0.50 (-2.86%). Foreign participation recorded at 11.1% of the total market activity and at the end of the day foreign investors were the net sellers with a net foreign outflow of Rs.57.5mn.