Colombo Bourse turns negative

Tuesday, 25 February 2020 01:28 - - {{hitsCtrl.values.hits}}

The Colombo Bourse ended on a negative note as the ASPI decreased by 0.57% or 33.21 points while the S&P SL20 Index also decreased by 0.61% or 17.01 points.

Acuity Stockbrokers said turnover decreased by 0.6% relative to last Thursday to amount to Rs. 420 million while the crossings for the day accounted for 27.0% of the day’s total turnover. Foreign investors recorded a net inflow of Rs. 3.83 million over the day compared to a net outflow of Rs. 66.5 million recorded last Thursday.

NDB Securities said the ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Ceylon Tobacco Company and Ceylon Cold Stores.

High net worth and institutional investor participation was noted in Ceylon Cold Stores, Hayleys, John Keells Holdings and Ceylon Hospitals. Mixed interest was observed in Access Engineering and Melstacorp. Furthermore, foreigners closed as net buyers.

Capital Goods sector was the top contributor to the market turnover (due to Hayleys, John Keells Holdings and Access Engineering) whilst the sector index lost 1.32%.

The share price of Hayleys closed flat at Rs. 160.00. The share price of John Keells Holdings moved down by Rs 2.90 (1.86%) to close at Rs. 152.60. The share price of Access Engineering declined by Rs. 0.30 (1.44%) to close at Rs. 20.50.

Food, Beverage and Tobacco sector was the second highest contributor to the market turnover (due to Ceylon Cold Stores) whilst the sector index decreased by 0.70%. The share price of Ceylon Cold Stores decreased by Rs. 19.60 (2.42%) to close at Rs. 790.00.

Ceylon Hospitals was also included amongst the top turnover contributors. The share price of Ceylon Hospitals recorded a loss of Rs. 1.00 (1.15%) to close at Rs. 86.00.