ASPI drops by 1.2% during the the week

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Sampath Bank and Commercial Bank with the turnover crossing Rs 1.2 Bn. Crossings were witnessed in Malwatte Valley Plantations, Ambeon Holdings and National Development Bank, accounting for 58.5% of the turnover. Mixed interest was observed in Hatton National Bank, John Keells Holdings and Kelani Tyres whilst retail interest was noted in Tess Agro, Nation Lanka Finance and Softlogic Holdings rights. 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 1.2% and 1.4% respectively, whilst recording an average weekly turnover of Rs. 786 Mn. Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Malwatte Valley Plantations) whilst the sector index lost 0.73%. The share price of Malwatte Valley Plantations closed flat at Rs 63.00.
The Banking sector was the second highest contributor to the market turnover (due to National Development Bank and
Hatton National Bank) whilst the sector index decreased by 1.27%. The share price of National Development Bank moved down by Rs 0.70 (1.0%) to close at Rs 69.00. The share price of Hatton National Bank recorded a loss of Rs 3.00 (1.64%) to close at Rs 180.00. Ambeon Holdings and Kelani Tyres were also included amongst the top turnover contributors. The share price of Ambeon Holdings lost Rs 0.10 (0.26%) to close at Rs 37.90. The share price of Kelani Tyres appreciated by Rs 0.70 (0.88%) to close at Rs 79.90.