Week ends with losses

20 April 2024 12:00 am Views - 98

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Melstacorp and Commercial Bank with the turnover crossing Rs 1.4 Bn. High net worth and institutional investor participation was noted in LOLC Finance, Browns Investments and Capital Alliance. Mixed interest was observed in Hatton National Bank, Lanka Milk Foods and CIC Holdings whilst retail interest was noted in Waskaduwa Beach Resort, Softlogic Capital and Softlogic Holdings. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.
During the week the ASPI and the S&P SL20 lost 2.3% and 3.4% respectively whilst recording an average daily turnover of Rs. 1.95 Bn.

Diversified Financials sector was the top contributor to the market turnover (due to LOLC Finance and Capital Alliance) whilst the sector index lost 0.42%. The share price of LOLC Finance increased by Rs 0.30 (4.92%) to close at Rs 6.40. The share price of Capital Alliance moved down by Rs 1.10 (1.67%) to close at Rs 64.80.
The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank) whilst the sector index decreased by 1.06%. The share price of Hatton National Bank recorded a loss of Rs 4.00 (2.08%) to close at Rs 188.50.
Browns Investments and Softlogic Holdings were also included amongst the top turnover contributors. The share price of Browns Investments gained Rs 0.10 (1.82%) to close at Rs 5.60. The share price of Softlogic Holdings appreciated by Rs 2.20 (24.44%) to close at Rs 11.20.