Colombo shares opened trading on a positive note on Monday but slipped soon thereafter, analysts said, adding that retail activity was subdued today as fundamentally sound counters took up most of the investor activity.
John Keells Holdings saw its shares mostly trade at the Rs. 185 levels. Carson Cumberbatch and Bukit Darah saw little or no activity after reports of having underperformed in the preceding financial quarter. The All Share Index slid 2.97 points (0.06%) to close at 4,928.50, Milanka also slid 0.48 points (0.01%) to close at 4,380.27 and the S&P index gained 2.78 points (0.10%) to close at 2,769.05. Turnover was Rs. 353.8 million. JKH grabbed the limelight with six crossings during the day accounting for 873, 000 shares dealt at a price of Rs 185.
"Today’s price action saw a very narrow trading range and was able to hold above Friday’s low indicating that the selling today was more or less absorbed by some buying support," broker Bartleet Religare Securities said. (DEC)
Colombo shares slip; foreign interest high
