Crossings boost turnover to Rs. 7.0 bn

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Commercial Bank and Sampath Bank with the turnover crossing Rs. 7.0 bn.

Crossings were witnessed in Citizens Development Business Finance, John Keells Holdings, Sampath Bank, Commercial Bank, Melstacorp, Hayleys Fabric, DFCC Bank, Access Engineering and Dipped Products accounting for 63.0% of the turnover. 

Mixed interest was observed in Commercial Bank, Access Engineering and DFCC Bank whilst retail interest was noted in Industrial Asphalts, Hela Apparel Holdings and SMB Leasing. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. 

The Banking sector was the top contributor to the market turnover (due to DFCC Bank, Sampath Bank and Commercial Bank) whilst the sector index lost 1.11%. The share price of DFCC Bank increased by Rs. 1.30 (1.53%) to close at Rs. 86.20.

 The share price of Sampath Bank recorded a loss of Rs. 1.00 (1.06%) to close at Rs. 93.70. The share price of Commercial Bank declined by Rs. 2.75 (2.23%) to close at Rs. 120.50. 

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index decreased by 2.35%.  The share price of John Keells Holdings lost Rs. 0.70 (3.38%) to close at Rs. 20.00. Citizens Development Business Finance was also included amongst the top turnover contributors. The share price of Citizens Development Business Finance edged up by Rs 0.25 (0.11%) to close at Rs. 233.00.