Foreign buying continues

11 September 2024 12:25 am Views - 93

Indices closed in red as a result of price losses in counters such as Commercial Bank, John Keells Holdings and Sampath Bank with the turnover crossing Rs. 1.2 bn.

High net worth and institutional investor participation was noted in John Keells Holdings, Richard Pieris & Company and Alliance Finance Company. 

Mixed interest was observed in Hatton National Bank, Commercial Bank and Chevron Lubricants whilst retail interest was noted in Industrial Asphalts, Browns Investments and Hela Apparel Holdings Rights. 
Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. 
The Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Richard Pieris & Company) whilst the sector index lost 1.36%. The share price of John Keells Holdings decreased by Rs. 3.00 (1.83%) to close at Rs. 161.00. The share price of Richard Pieris & Company moved down by Rs. 0.50 (2.44%) to close at Rs. 20.00. 

The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank and Commercial Bank) whilst the sector index decreased by 1.56%. The share price of Hatton National Bank lost Rs. 2.00 (1.26%) to close at Rs. 157.00. 

The share price of Commercial Bank recorded a loss of Rs. 1.30 (1.59%) to close at Rs. 80.40. Alliance Finance Company was also included amongst the top turnover contributors. The share price of Alliance Finance Company closed flat at Rs. 100.00.