Week commences with weak turnover

4 June 2024 12:02 am Views - 55

The ASPI closed in red as a result of price losses in counters such as Melstacorp, Ceylon Tobacco Company and John Keells Holdings with the turnover crossing Rs 686 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Dialog Axiata, Dipped Products and CIC Holdings nonvoting. Mixed interest was observed in Browns Investments, Hayleys and LOLC Holdings whilst retail interest was noted in Hela Apparel Holdings, Beruwala Resorts and SMB Leasing. Furthermore, foreigners closed as net sellers. Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Browns Investments) whilst the sector index lost 0.72%. The share price of Browns Investments decreased by Rs 0.20 (3.28%) to close at Rs 5.90.

Capital Goods sector was the second highest contributor to the market turnover (due to Hayleys) whilst the sector index decreased by 0.96%. The share price of Hayleys moved up by Rs 0.90 (0.97%) to close at Rs 94.00.
Dialog Axiata, LOLC Holdings and Dipped Products were also included amongst the top turnover contributors. The share price of Dialog Axiata closed flat at Rs 11.10. The share price of LOLC Holdings recorded a loss of Rs 8.25 (1.80%) to close at Rs 449.75. The share price of Dipped Products closed flat at Rs 34.00.