Colombo equities swung between gains and losses on Tuesday and ended the session on a mixed note. Main index managed to touch 7,099 mark but failed to retain the momentum and closed at 7,085.38, up by 6.74 index points or 0.10%. S&P SL20 index shed 10.94 index points or 0.28% to end at 3,858.61.
Price gains in blue-chips such as Nestle Lanka (closed at LKR 2,100.00, +4.0%), Sri Lanka Telecom (closed at LKR 48.90, +2.1%) contributed positively to the All share index performance while declines in Ceylon Tobacco (closed at LKR 960.00, -0.6%), John Keells Holdings (LKR 172.50, -0.3%) and Chevron Lubricants (closed at LKR 376.00, -0.9%) dragged S&P SL index performance to red zone.
Daily market turnover was LKR 816mn. Textured Jersey emerged as the top contributor to the turnover with LKR 169mn underpinned by a single crossing of 4.5mn shares at LKR 31.50. John Keells Holdings (LKR 167mn), Hatton National Bank (LKR 84mn) and Commercial Bank non-voting (LKR 52mn) were next best contributors to the turnover.
Several crossings were recorded in Textured Jersey (4.5mn shares at LKR 31.50), Hatton National Bank (0.3mn shares at LKR 217.00) and Commercial Bank non-voting (0.3mn shares at LKR 132.70). Aggregate value of crossings represented 42% of the total turnover.
Reflecting negative investor sentiments, 127 counters slipped, 69 advanced and 55 remained unchanged. Cash map further declined from 43% to 38%. 19 counters touched 52wk low prices while Autodrome (LKR 1,024.60), Ceylon Hospitals (LKR 120.00) and Taprobane Holdings (LKR 5.50) reached 52wk high price levels.