Turnover was a billion rupees.
Charith Kamaladasa of Lanka Securities stock brokers said trading was choppy and lower than usual.
"Even the shares of companies that have reported significant growth in earnings did not move as much as expected," he said.
"We are in a consolidation phase.
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It should pick up later on. Company profits have really impoved and we can expect the fundamentally sound stocks to do well.
"
The correction came after the market hit record highs wih the Colombo stock exchange price: earnings ratios seen as too high.
Kamaladasa said funds being locked up in two recent share offers that were oversubscribed may also have contributed to the downturn.
Commercial Bank was one of the most heavily traded stocks, closing at 274.90 rupees, down 1.90 or 0.69 percent.