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Stock market dip persists amidst high turnover

Stock market dip persists amidst high turnover

Stock market dip persists amidst high turnover

Sep 10, 2021  /  By Vision Venture

The All-Share Price Index finished the day down 135 points or 1.46% and the S&P SL20 lower by 1% or over 34 points. Turnover was Rs. 8.6 billion, higher than Monday›s Rs. 7.7 billion. However, volume wise it was lower at 505 million shares in comparison to 874 million on Monday. The biggest contributors to ASPI›s dip yesterday was dominated by Ishara Nanayakkara-owned companies – LOLC (22 points), Browns Investments (19 points), Commercial Leasing (16 points) and LOLC Finance (7 points). Dhammika Perera›s Vallibel One chipped in with 6 points. Most profitable and valuable corporate Expolanka proved its mettle by being solid. It closed up 1.4% or Rs. 2.50 to Rs. 183.50 with 15 million shares traded for Rs. 2.7 billion. Browns Investments topped the volume league with 185 million shares traded for Rs. 2 billion. The share price was down by 5.5% to Rs. 10.40.