Week begins with foreign buying

The ASPI closed in red as a result of price losses in counterssuch as LOLC Holdings, Commercial Bank and JanashakthiInsurance Company with the turnover crossing Rs 1.0 Bn.
Similar behaviour was witnessed in the S&P SL20. High networth and institutional investor participation was noted inSampath Bank, Hatton National Bank and Lanka IOC. Mixedinterest was observed in Dipped Products, Hayleys andBrowns Investments whilst retail interest was noted in LVL

Energy Fund rights, LOLC Finance and Renuka Agri Foodsrights. 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 (due to Hayleys) whilst the sector index lost 0.14%.

The share price of Hayleys moved up by Rs 0.30 (0.32%) to close at Rs 92.70.
The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank) whilst the sector index decreased by 0.52%. The share price of Sampath Bank increased by Rs 0.10 (0.13%) to close at Rs 78.00.

Dipped Products, Browns Investments and Lanka IOC were also included amongst the top turnover contributors. The share price of Dipped Products gained Rs 0.80 (2.39%) to close at Rs 34.30. The share price of Browns Investments recorded a loss of Rs 0.10 (1.56%) to close at Rs 6.30. The share price of Lanka IOC declined by Rs 0.75 (0.57%) to close at Rs 131.75.