Colombo bourse snapped the seven day winning streak on Monday to start the weekly operation on negative note. The market lost the positive momentum gained in last week as the bench mark All share price index weakened by 14.10 points or 0.20% to end at 7,147.86 whilst S&P SL 20 index marginally declined by 6.23 points (-0.16%) to end at 4,007.52.
During the last seven sessions the main index gained 238.17 points or 3.4% whereas 20-script S&P SL index gained 163.38 points or 4.2%.
Today’s losses were mainly driven by price depreciations in primary blue chips such as Lanka Orix Leasing Company (closed at LKR 106.00, -0.9%), Commercial Bank (closed at LKR 168.00, -0.9%) and Aitken Spence Hotels (closed at LKR 76.20, -4.2%).
Daily market turnover was LKR 647mn. Several crossings were recorded in John Keells Holdings (0.9mn shares at LKR 183.00 per share), Hatton National Bank non-voting (0.4mn shares at LKR 176.00 per share) and First Capital Holdings (1mn shares at LKR 40.00 per share). Crossings accounted for 42% of the market turnover.