Colombo shares on Friday started trading on a low note despite the hype and the rise in indices seen on Thursday after the 'positive' meeting the Treasury Secretary, Dr. P B Jayasundera had with industry stakeholders, analysts said.
Some analysts noted that most retail-active counters were showing activity but the market seemed to lose steam towards the latter part of trading.
Tuesday’s meeting saw discussions on how all stakeholders as a whole should uplift the bourse. Credit rules were promised to be reconsidered and the government pledged to help revitalize the market and help brokers and improve their capacities, risk management and market development at this meeting with the top blue chip companies too is to be scheduled.
The All Share lost 28.58 points (0.57) to close at 4, 931.47, Milanka was down 14.91 points (0.34%) to close at 4,380.75 and the S&P index lost 25.4 points (0.91% to close at 2,766.27. Turnover was Rs. 308 million. Foreigners were net buyers with Rs 105.4 million. Foreign investor interest in John Keells Holdings continued as the counter proceeded to register two big blocks carrying a total of some 294,000 shares being traded at Rs185 each. (DEC)
Colombo shares lose steam
