Crossings account for 67% of the turnover

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Aitken Spence and John Keells Holdings with the turnover crossing Rs 1.2 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in John Keells Holdings, Hemas Holdings and Hayleys, accounting for 66.8% of the turnover. Mixed interest was observed in ACL Cables, John Keells Hotels and Piramal Glass whilst retail interest was noted in LOLC Finance, Browns Investments and LVL Energy Fund . Furthermore, foreigners remained active closing as net buyers.
Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings, Hayleys, Hemas Holdings and ACL Cables) whilst the sector index lost 0.69%. The share price of John Keells Holdings decreased by Rs 1.25 (0.64%) to close at Rs 194.25. The share price of Hayleys gained Rs 0.25 (0.25%) to close at Rs 101.50. The share price of Hemas Holdings moved down by Rs 0.30 (0.37%) to close at Rs 81.10. The share price of ACL Cables recorded a loss of Rs 0.10 (0.12%) to close at Rs 83.00.
Materials sector was the second highest contributor to the market turnover whilst the sector index edged up by 0.09%.
John Keells Hotels was also included among the top turnover contributors. The share price of John Keells Hotels declined by Rs 0.80 (4.49%) to close at Rs 17.00.