The Colombo Stock Exchange saw its downward trend continuing today as well with both indices losing ground.

The All Share Price Index lost by 1.86% which stock analysts say is a massive drop.

The Milanka Price Index also declined by 1.63%.

However the turnover was higher than yesterday’s Rs. 1.9 billion and reached Rs. 2.5 billion.

4 major crossings of Commercial Bank shares during the day helped the turnover to reach the figure.

Accordingly 5.50 million shares of Commercial Bank have changed hands on a “negotiated deal” and a share has been sold at Rs. 190.

Commercial bank in total has contributed Rs. 1.4 billion for the day’s turnover which consist 54.39% of the days total turnover.

Analyst say foreign holdings of the Combank shares have increased by 4.6 million, following these 4 crossings thus indicating that the buyers are foreigners.

Meanwhile 700,000 shares of Richard Peiris too changed hands in 2 crossings with the share price at Rs. 122.

Richard Peiris shares contributed Rs.145.3 million for the turnover.
 
The day’s trading saw a net inflow of foreign funds amounting to Rs. 706 million.

Foreign purchases gained significantly to Rs. 1.14 billion while foreign sales has amounted to just Rs. 308 million.

Report by: Prasanna C. Rodrigo / Email him on: news360@sltnet.lk

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