Indices close in red

Indices closed in red as a result of price losses in counters such as Sampath Bank, National Development Bank and Hayleys with the turnover crossing Rs. 1.8 bn. 

High net worth and institutional investor participation were noted in Commercial Bank, Hatton National Bank and John Keells Holdings. 

Mixed interest was observed in Softlogic Capital, Hayleys and Softlogic Life Insurance whilst retail interest was noted in Dialog Axiata, Browns Investments and Alumex. 

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 (Commercial Bank) whilst the sector index lost 0.55%. The share price of Commercial Bank closed flat at Rs. 109.25. The insurance sector was the second highest contributor to the market turnover (Softlogic Life Insurance) whilst the sector index increased by 1.00%. 
The share price of Softlogic Life Insurance appreciated by Rs. 3.20 (4.83%) to close at Rs. 69.40. Softlogic Capital, Hayleys and Sunshine Holdings were also included among the top turnover contributors. 

The share price of Softlogic Capital gained Rs. 0.40 (5.63%) to close at Rs. 7.50. The share price of Hayleys moved down by Rs. 2.00 (1.85%) to close at Rs. 106.00. The share price of Sunshine Holdings recorded a gain of Rs. 0.20 (0.31%) to close at Rs. 65.00. 

Furthermore, Distilleries announced its interim dividend of Rs. 0.70 per share.