Foreign buying continues

Indices closed in red as a result of price losses in counters such as Hayleys, Hatton National Bank and Melstacorp with the turnover crossing Rs 1.5 Bn. Crossings were witnessed in Windforce, Sampath Bank, John Keells Holdings and Alumex accounting for 52.1% of the turnover. Mixed interest was observed in Hayleys, LVL Energy Fund and Hatton National Bank whilst retail interest was noted in SMB Leasing, Browns Investments and LOLC Finance. Furthermore, foreigners closed as net buyers.
Utilities sector was the top contributor to the market turnover (due to Windforce Limited and LVL Energy Fund Limited) whilst the sector index gained 1.09%. The share price of Windforce Limited increased by Rs. 0.50 (2.50%) to close at Rs. 20.50. The share price of LVL Energy Fund Limited declined by Rs. 0.10 (2.17%) to close at Rs. 4.50.
The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank) whilst the sector index decreased by 0.41%. The share price of Sampath Bank closed flat at Rs 79.00.
John Keells Holdings and Hayleys were also included amongst the top turnover contributors. The share price of
John Keells Holdings moved down by Rs. 1.50 (0.73%) to close at Rs. 203.50. The share price of Hayleys recorded a loss of Rs. 3.50 (3.32%) to close at Rs. 102.00.