This week first trading day business ended negative effect. All Share Index fell 91.9 points to 5,995.9 and the Milanka Index of more liquid stocks fell 1.73 percent (90.63 points) to end at 5,155.95 points. Total turnover was 1.57 billion rupees.
Foreign investors mostly concern selling the shares in some large cap stocks brokers said.
Among illiquid stocks that lost steam
| Company Name J L Morrison Colombo Pharmacy |
Down Value (Rs.) 400 rupees 81 rupees |
Trading Price 2,610 with just 200 shares 1,163 rupees. |
John Keells Holdings fell 6.10 to close at 162.10 rupees with 4.5 million shares traded and Hatton National Bank fell 5.0 rupees to 145.00 rupees with 3.0 million shares traded.
Distilleries Corporation, a cash rich Stassen's group company controlled by businessman Harry Jayewardene fell 1.80 to 148.20 despite it increasing a stake in John Keells Holdings in recent days. A source familiar with the group said it was 'seeking diversification'.
Pelwatte, a cane farming and sugar milling unit Distilleries is being expropriated by the state.
DFCC, another Stassen controlled bank last week bought a 9.9 percent stake in Nations Trust Bank, a John Keells affiliate indicating a return of 'smart money' to the market.
Foreign investors sold 317 million rupees worth stock and bought 83 million rupees.
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