CSE ends on mixed note

Tuesday, 17 September 2019 00:00 - - {{hitsCtrl.values.hits}}

The Colombo stock market ended on a mixed note yesterday as the ASPI increased by 0.04% or 2.60 points while the S&P SL20 Index decreased by 0.25% or 7.09 points.

Acuity Stockbrokers said market turnover increased by 28.5% relative to last Thursday to amount to Rs. 747 million while the crossings accounted for 48.1% of the turnover.

Foreign investors recorded a net outflow of Rs. 173 million over the day compared to a net outflow of Rs. 238.1 million. Last Friday the market was closed on account of Poya.

NDB Securities said the ASPI edged up as a result of price gains in counters such as Melstacorp, Bukit Darah and Nestle Lanka. Crossings were witnessed in John Keells Holdings and Melstacorp.

“Mixed interest was observed in Union Bank and Browns Investments whilst retail interest was noted in Renuka Capital. Furthermore, foreigners remained active, closing as net sellers mainly due to foreign selling in John Keells Holdings. Total foreign sales accounted for 52.2% of the turnover,” NDB Securities added.

LOLC Securities said during the day losers surpassed gainers 67 to 50 and added that the Diversified holdings sector contributed mostly to the market turnover while the sector index was down by 0.13%.