Market turns bearish after 5 sessions of gains

The ASPI closed in red as a result of price losses in counters such as Vallibel One, Hayleys and Expolanka Holdings with the turnover crossing Rs. 1.4 bn. 
A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sunshine Holdings, Sampath Bank, Expolanka Holdings. 
Mixed interest was observed in Browns Investments, Softlogic Life Insurance and Softlogic Capital whilst retail interest was noted in LOLC Finance, Prime Lands Residencies and Ex-Pack Corrugated Cartons. 
Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. Capital Goods sector was the top contributor to the market turnover whilst the sector index lost 1.14%. 
Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index decreased by 0.19%. The share price of Browns Investments decreased by Rs. 0.10 (1.41%) to close at Rs. 7.00. Softlogic Life Insurance, Softlogic Capital, Sampath Bank and Expolanka Holdings were also included amongst the top turnover contributors. 
The share price of Softlogic Life Insurance gained Rs. 4.00 (3.94%) to close at Rs. 105.50. The share price of Softlogic Capital moved up by Rs. 0.70 (5.11%) to close at Rs. 14.40. 
The share price of Sampath Bank closed flat at Rs. 42.90. The share price of Expolanka Holdings declined by Rs. 4.00 (2.00%) to close at Rs. 195.75.