Week commences in red

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Commercial Bank and LOLC Holdings with the turnover crossing Rs 554 Mn. High net worth and institutional investor participation was noted in Hayleys and Melstacorp. Mixed interest was observed in Dialog Axiata, Sampath Bank and Lanka Milk Foods whilst retail interest was noted in Maharaja Foods, Browns Investments and Lanka Credit and Business Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. The food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Melstacorp and Lanka Milk Foods) whilst the sector index lost 0.73%. The share price of Melstacorp lost Rs 1.40 (1.72%) to close at Rs 80.10. The share price of Lanka Milk Foods declined by Rs 1.00 (3.85%) to close at Rs 25.00.

The capital Goods sector was the second highest contributor to the market turnover (due to Hayleys) whilst the sector index decreased by 1.29%. The share price of Hayleys decreased by Rs 0.90 (0.96%) to close at Rs 93.10. 

Dialog Axiata and Sampath Bank were also included amongst the top turnover contributors. The share price of Dialog Axiata closed flat at Rs 8.90. The share price of Sampath Bank recorded a loss of Rs 1.00 (1.32%) to close at Rs 75.00.