Week commences in red

6 August 2024 12:31 am Views - 68

Indices closed in red as a result of price losses in counters such as Commercial Bank, Hatton National Bank and Sampath Bank with the turnover crossing Rs 863 Mn. High net worth and institutional investor participation was noted in Nations Trust Bank, Melstacorp and Ceylon Cold Stores, . Mixed interest was observed in John Keells Holdings, Sunshine Holdings and Hayleys whilst retail interest was noted in Browns Investments, Industrial Asphalts and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Melstacorp and Sunshine Holdings) whilst the sector index lost 1.37%. The share price of Melstacorp moved down by Rs 1.60 (1.99%) to close at Rs 79.00. The share price of Sunshine Holdings recorded a loss of Rs 2.50 (4.10%) to close at Rs 58.50.

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Hayleys) whilst the sector index decreased by 1.68%. The share price of John Keells Holdings gained Rs 2.75 (1.57%) to close at Rs 178.00. The share price of Hayleys declined by Rs 3.60 (3.63%) to close at Rs 95.60.

Nations Trust Bank was also included amongst the top turnover contributors. The share price of Nations Trust Bank decreased by Rs 1.00 (0.83%) to close at Rs 120.00.