Week ends with losses

Indices closed in red as a result of price losses in counters such as Dialog Axiata, Commercial Bank and Hatton National Bank with the turnover crossing Rs 1.2 Bn. High net worth and institutional investor participation was noted in John Keells Holdings, Hayleys Fabric and Teejay Lanka. Mixed interest was observed in Hayleys, Dipped Products and Lankem Developments whilst retail interest was noted in Dialog Axiata, Cargills Bank and Browns Investments. Furthermore, foreigners closed as net sellers.
During the week the ASPI and the S&P SL20 lost 0.03% and 0.28% respectively whilst recording an average daily turnover of Rs. 2.04 Bn.

The capital Goods sector was the top contributor to the market turnover (John Keells Holdings and Hayleys) whilst the sector index gained 0.31%. The share price of John Keells Holdings increased by Rs 2.00 (0.99%) to close at Rs 205.00.
The share price of Hayleys moved down by Rs 1.25 (1.18%) to close at Rs 104.75.
The materials sector was the second highest contributor to the market turnover (Dipped Products) whilst the sector index edged up by 0.04%. The share price of Dipped Products recorded a gain of Rs 0.40 (1.07%) to close at Rs 37.90.
Hayleys Fabric and Lankem Developments were also included among the top turnover contributors. The share price of Hayleys Fabric closed flat at Rs 44.50. The share price of Lankem Developments appreciated by Rs 0.10 (0.61%) to close at Rs 16.50.