Adding further losses to the previous trading days, the market witnessed yet another sluggish trading session today resulted by the lackluster participation of both, retail and institutional participants. Despite the foreigners’ appearing to be relatively bullish on selected counters such as SAMP, the overall traded volumes and turnovers on those respective counters remained at a muted range. The benchmark ASPI charted a minute loss of 3.66 points or 0.05% to close the day at 7,063
.45; this was the lowest level reached post to 15th April. The S&P SL20 lost 1.44 points (or-0.04%) to close within the red terrain at 3,914.41. A total of 88 companies gained during the day whereas 81 companies posted drops in share prices. As at the daily closure, the total market capitalization slid to LKR
3.00Tn extending the year to date loss to nearly 3.4%. The market PER and PBV were 18.90x & 2.04x respectively.
The turnover for the day amounted to record LKR 363.61Mn, indicating a increase of 10.59% from its previously recorded. Sampath Bank PLC (SAMP) stood out as the top subscriber for the day providing LKR 52.82Mn, while accounting a share of 14.53% of the day’s accumulated turnover; SAMP was supported by an off market deal which amounted to LKR 44.35Mn where a total of 172K shares were dealt at LKR 258/-. The counter settled the day at LKR 256.50/- charting a drop of LKR 2.40/
- or 0.93%. John Keells Holdings PLC(JKH) secured the second place by making a subscription of LKR 34.69Mn and settled the day at LKR 190.50/- charting a drop of LKR 1/- or 0.52%.
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