May ends with losses

ASPI closed in red as a result of price losses in counters such as Richard Pieris & Company, Commercial Bank and LOLC Holdings with the turnover crossing Rs 1.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth
and institutional investor participation was noted in Melstacorp, Nations Trust Bank and National Development Bank. Mixed interest was observed in John Keells Holdings, Browns Investments and LOLC Holdings whilst retail interest was noted in LOLC Finance, Hela Apparel Holdings and Amana Bank. Furthermore, foreigners closed as net buyers.

During the month the ASPI and the S&P SL20 lost 2.1% and 3.3% respectively whilst recording an average daily turnover of Rs. 1.85 Bn.
Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Browns Investments and Melstacorp) whilst the sector index lost 0.36%. The share price of Browns Investments lost Rs 0.10 (1.61%) to close at Rs 6.10. The share price of Melstacorp moved down by Rs 0.80 (0.90%) to close at Rs 88.00.
Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the
sector index decreased by 0.52%. The share price of John Keells Holdings decreased by Rs 0.25 (0.12%) to close at Rs 206.75.
Nations Trust Bank and LOLC Holdings were also included amongst the top turnover contributors. The share price of Nations Trust Bank recorded a loss of Rs 1.25 (1.03%) to close at Rs 120.50. The share price of LOLC Holdings declined by Rs 6.50 (1.40%) to close at Rs 458.00.