Holdings was the most traded stock of the session. The selling pressure drove the counter to a 52wk low price of LKR 189.90. Shares of Hemas Holdings, Swisstek and Textured Jersey also were among mostly traded counters. Daily market turnover was LKR 660mn. John Keells Holdings positioned at the top of the turnover list with LKR 147mn followed by Sampath Bank (LKR 113mn), Ceylon Guardian (LKR 93mn) and Hemas Holdings (LKR 35mn). Foreign investors were net buyers for the second consecutive session with a net foreign inflow of LKR 40mn. Foreign participation was 25%.
Colombo bourse closed with negative returns for the second consecutive session on Tuesday amid the political uncertainties. All Share index shed 11.55 index points (-0.16%) to end at LKR 7,067.11 while 20-scrip S&P SL20 index declined by 9.14 index points or 0.23% to close at 3,915.19. Daily market turnover recorded a 3- month low of LKR 329mn. Sampath Bank emerged as the top contributor to the turnover with LKR 23mn closely followed by Lanka IOC (LKR 22mn) and Regnis (Lanka) (LKR 21mn) respectively. Eastern Merchants, City Housing & Real Estate and Lanka IOC were most traded counters for the day. Foreign investors were net sellers with a net outflow of LKR 7mn. Foreign participation was 16%.
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