Week commences in red

Indices closed in red as a result of price losses in counters such as LOLC Holdings, Commercial Bank and Hatton National Bank nonvoting with the turnover crossing Rs 494 Mn. High net worth and institutional investor participation remained subdued for the day whilst mixed interest was observed in Pan Asia Banking Corporation, LB Finance and John Keells Holdings. Retail interest was noted in Browns Investments, Waskaduwa Beach Resort and People’s Leasing & Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

The Banking sector was the top contributor to the market turnover whilst the sector index lost 0.39%. The share price of Pan Asia Banking Corporation lost Rs 0.20 (0.88%) to close at Rs 22.40.
The food, Beverage & Tobacco sector was the second highest contributor to the market turnover whilst the sector index edged down by 0.03%. The share price of Browns Investments closed flat at Rs 6.40. 

LB Finance, People’s Leasing & Finance and John Keells Holdings were also included among the top turnover contributors. The share price of LB Finance closed flat at Rs 70.60. The share price of People’s Leasing & Finance recorded a gain of Rs 0.20 (1.67%) to close at Rs 12.20. The share price of John Keells Holdings edged up 0.25 (0.12%) to close at 
Rs 209.00.