Indices decline as profit-takings hold sway

The CSE having gone through a major rally on the market the previous working days yesterday witnessed heavy profit-takings, market analysts said.

- BY HIRAN H SENEWIRATNE

Amid those developments both indices moved downward. The All Share Price Index went down by 73.61 points while the S and P SL20 declined by 41.51 points. Turnover stood at Rs 4.4 billion with eight crossings.

Those crossings were reported in HNB, which crossed two million shares to the tune of Rs 790 million and its shares traded at Rs 395, E. B Creasy Company two million shares crossed to the tune of Rs 124 million; its shares traded at Rs 62, Hemas Holdings 2.75 million shares crossed for Rs 85.2 million; its shares traded at Rs 31, Sunshine Holdings 2.6 million shares crossed for Rs 81.9 million; its shares traded at Rs 30.50.