Shares plummet to new one-week low

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By 2018-01-12

By Mario Andree

The Colombo Stock Exchange posted losses for the third consecutive market day and for the fourth day this year on Thursday (11) as the benchmark index hit a new one-week low despite continues foreign buying.
The benchmark All Share Price Index on Thursday (11) slipped 0.10 per cent (6.73 points) to close at 6,496.23 points, it's lowest since 04 January, while the S&P SL 20 representing the top 20 listed entities gained 0.06 per cent (02.39 points) to close at 3,793.96 points.

The day's turnover reached Rs 533 million, higher than Wednesday's (10) Rs 376 million, with 78 losers ahead of 35 winners.
Foreigners continued to remain as net buyers on Thursday (11). Net foreign inflow during the day reached Rs 24 million as purchases amounted to Rs 250 million as against sales worth of Rs 226 million.
Nearly 13.3 million shares changed hands on Thursday (11) during 2,379 trades taken place.
The share price of John Keells Holdings slipped 0.91 per cent (Rs 1.50) to close at Rs 162.50 as 1.29 million shares changed hands during 44 trades, Sri Lanka Telectom slipped 2.41 per cent (70 cents) to close at Rs 28.30 as 5,852 shares changed hands during 18 trades, while the share price of Lanka Orix Leasing Company slipped 1.39 per cent (Rs 1.70) to close at Rs 120.40 as 14,100 shares changed hands during 40 trades.

On a positive note, the share price of Hatton National Bank gained 1.58 per cent (Rs 4) to close at Rs 257 as 2,000 shares changed hands during a single trade, Central Finance Company gained 7.53 per cent (Rs 7) to close at Rs 100 as 1 million shares changed hands during 115 trades, while the share price of Commercial Bank gained 0.35 per cent (50 cents) to close at Rs 142.20 as 22,939 shares changed hands during 37 trades.

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