UPDATED-Colombo stocks see more despair
2008-10-10 17:25:53

Colombo stocks hit the bottom at Friday’s market close when the ASI (All Share Index) hit 1,924.69, down 88.41 basis points, with most share prices plummeting at record amounts.

JKH hit an all time low to close at Rs 75.25 – down by Rs 2.75 following Dialog which also saw an all time low yesterday, but remained flat today, at Rs 7. JKH traded 658,000 shares with market analysts predicting US-based fund manager Raj Rajaratnam selling out. “The widespread retail selling seen today will spill into next week as well,” a stock analyst said. Milanka saw a drop of 105.69 to close at 2125.4. The turnover was Rs 182 million..