Colombo stocks slid further on Thursday where both benchmark indices closed with negative returns, following SEC directives on broker trading, analysts said.
The All Share Index dropped by 28.99 points (-0.57%) to close at 5,019.12, the second lowest level recorded in 2012. The lowest this year was 5,009 posted on February 14. The sensitive Milanka index closed at 4,545.68, a drop of 22.83 points (-0.50%).
Analysts said that despite the marginal fall in interest rates yesterday (3months yield down 41 bp whilst 6 months was down 8 bp), investors remained unmoved.
Despite recording the highest volume of shares in seven days, the market turnover was lower at Rs.296.4 million. Only one crossing was reported for the day. (DEC)
Colombo shares slide; traders blame SEC for tightening rules
