Lanka securities Insight 12 June 2015

Melissa Pereira Mon Jun 15, 2015 11:24 am

Colombo equities swung between gains and losses in another choppy session on Monday and ended on negative note amid price declines in high cap counters. All share price index shed 44.07 points or 0.62% to end at a 7-week low of 7,078.66 while S&P SL 20 index shed 39.35 points (-0.99%) to end at 3,924.33. John Keells 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 ist 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%

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