LOLC share prices dip; turnover Rs. 3 billion

By Hiran H. Senewiratne

CSE witnessed a negative performance due to a drop in LOLC Group share prices yesterday following a delay in the presentation of the Port City Commission Bill in parliament due to the Covid 19 pandemic situation, stock market analysts said . In this situation sells offs of shares happened mainly in the LOLC Group of companies which has a heavy influence on both indices of stock market analysts said .

Amid those developments both indices showed a downward trend .ASPI price index was down by 99 points and S and P SL20 went down by 36 points .Turnover stood at Rs. 3.02 billion with two crossings .Those were reported in Expo Lanka which crossed 800000 shares to the tune of Rs. 36 .2 million and its share price traded at Rs. 45.50 and TJ Lanka 507000 shares crossed for Rs 20 million and its share price traded at Rs 39.50. In the retail market top five companies that contributed to the turnover were; HNB Rs 1.1billion (8.5million shares trade),Browns Investments Rs 917 million (139 million shares traded ),LOLC Rs 111.7 million (345000 shares traded ),Royal ceramic Rs 91.1 million (2.7 million shares traded )and Dipped Products Rs 80.7 million (1.48 million shares traded ).During the day 195.5 million share volumes changed hands in 17652 transaction .