Retailers panic at Colombo bourse
Colombo stocks saw the indexes dropping when the market closed on Tuesday, with index strong shares such as John Keells Holdings (JKH) and Distilleries seeing some selling pressure mostly by the retailers, stock market analysts said.
They said the negative LMSL judgment is spiralling down the JKH share. It hit Rs 67 per share, down Rs 2.75 at market close.
“There was some selling pressure on Distilleries as well and the share was down Rs 5 to Rs 55 at stock market close,” Thakshila Hulangamuwa, Vice President Business Development, Asha Phillips Securities said. He said that today there were some margin sellers who started selling which added to the stock market fall. The All Share Index fell by 44.57 points to 1,923.72 while the Milanka eased by 54.35 points to 2,156.10. Turnover was Rs 268 million.