Week starts in red

Indices closed in red as a result of price losses in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs 518 Mn. High net worth and institutional investor participation was remained subdued for the day whilst mixed interest was observed in Dialog Axiata, Lanka IOC and Expolanka Holdings. Retail interest was noted in SMB Leasing, Browns Investments and Prime Lands Residencies. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Browns Investments) whilst the sector index lost 0.52%. The share price of Browns Investments declined by Rs 0.10 (2.00%) to close at Rs 4.90.
Capital Goods sector was the second highest contributor to the market turnover whilst the sector index decreased by 0.70%.

Dialog Axiata, Lanka IOC, Expolanka Holdings and Prime Lands Residencies were also included amongst the top turnover contributors. The share price of Dialog Axiata decreased by Rs 0.10 (0.99%) to close at Rs 10.00. The share price of Lanka IOC lost Rs 6.00 (4.53%) to close at Rs 126.50.
The share price of Expolanka Holdings moved down by Rs 3.75 (2.71%) to close at Rs 134.50. The share price of Prime Lands Residencies recorded a gain of Rs 0.30 (3.95%) to close at Rs 7.90.