Market End Downward Trend

Market down continues fourth day of the business market down continues All Share Price index (ASI) down 83.49 points and ended 6598.97 points, Milanka Share Price Index (MSI) down 81.11 points and ended 6098.94 points.

Expected said Market not hike in short period, foreigners sales shares and also economic conditions affected business. Turnover was 1.09 billion rupees. There were 40 gainers and 186 losers.

"Unless there is big foreign participation we cannot expect remarkable growth from our market in the near future," said Capital Alliance Securities head Harinlal Athurupana. "Due to prevailing adverse European market conditions we cannot expect big foreign participation.”

Most Trading Shares





Name of Company


PANASIAN POWER PLC
SOFTLOGIC HOLDINGS LIMITED 
FREE LANKA CAPITAL HOLDINGS LIMITED
SMB LEASING PLC
EXPOLANKA HOLDINGS PLC




No of Share Trading


5,513,300
3,324,200
3,170,200
2,845,000
2,488,400




                  Trading Price


                        4.3
                       24.5
                         3.8
                         1.1
                          14


Top Gained Shares


Name of Company


PARAGON CEYLON PLC
SINGALANKA STANDARD CHEMICALS PLC
NANDA INVESTMENTS AND FINANCE LIMITED
HOTEL SIGIRIYA PLC
HAYLEYS PLC


Trading Price


         2,690.00
         1,753.50
               27.9
               80.4
              369.9


                     Change (Rs)


                                790
                                  46
                                    9.3
                                    8.7
                                    6.5

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