Market observes heavy foreign buying

Colombo bourse started the week negatively pushing down the prices of heavy weight stocks.

However, heavy foreign buying over Rs.2 bn was witnessed in selected fundamentally stable stocks including Expolanka Holdings.

Thus, the All-Share Price Index decreased by 120.6 points (-1.2%) to close at 9,844.2 for the day whilst S&P SL20 Index also declined by 46.1 points (-1.4%) to close at 3,156.9. Commercial Bank, Richard Pieris, John Keells Holdings, Royal Ceramics and LOLC Holdings remained as the top negative contributors to the ASPI during the day. Courtesy Softlogic Stockbrokers