ASPI closes in red

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and National Development Bank with the turnover crossing Rs. 923 mn. 
Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Agstar, Dialog Axiata, and Hayleys. 
Mixed interest was observed in Sri Lanka Telecom, Lanka IOC and Expolanka Holdings whilst retail interest was noted in LOLC Finance, Browns Investments and Industrial Asphalts. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. 
Telecommunication Services sector was the top contributor to the market turnover (due to Dialog Axiata and Sri Lanka Telecom) whilst the sector index gained 1.27%. The share price of Dialog Axiata decreased by Rs. 0.10 (0.99%) to close at Rs. 10.00. 

The share price of Sri Lanka Telecom moved up by Rs. 4.10 (4.48%) to close at Rs. 95.60. Materials sector was the second highest contributor to the market turnover (due to Agstar) whilst the sector index decreased by 0.14%. The share price of Agstar lost Rs. 0.40 (3.77%) to close at Rs. 10.20. 
Lanka IOC and Hayleys were also included among the top turnover contributors. The share price of Lanka IOC recorded a loss of Rs. 1.50 (1.20%) to close at Rs. 124.00. The share price of Hayleys closed flat at Rs. 72.00. Furthermore, Richard Pieris & Company announced its interim dividend of Rs. 0.50 per share.