Yesterdays turnover dropped extremely low, down from Rs. 184 million on Friday to Rs. 86 million. Both indices also registered a drop, ASI at 2,239.18 losing 11.14 points (-0.50%) and MPI declining to 2512.73 with a loss of 14.41 points (-0.57%).
A market analyst attributed the drop to the falling of Dialog and JKIF stocks rather than the recent financial crisis in the USA. Investors seem to be wary of investing at this moment due to uncertainities in the situation in the country, he added.
Among the contributions to the meagre turnover were Equity 0.2m at Rs. 28.50 gaining Rs. 4.00, First capital 0.1m at Rs. 10 losing =/25 cts, JKH 0.3m at Rs. 85 (unchanged), Lanka IOC 0.2m at Rs. 26.00 (unchanged), Nawaloka 0.1m at Rs. 2.50 (unchanged), Primal Glass 0.7m at Rs. 2.20 gaining =/10 cts, Richard Peiris 0.1m at 43.25 gaining =/50 cts, Seylan Bank 0.8m at Rs. 8.00 (unchanged) and Vanik 0.3m at =/90 cts gaining =/10 cts.