Week ends in red

The ASPI closed in red as a result of price losses in counters such as Ceylinco Insurance, Melstacorp and Commercial Bank with the turnover crossing Rs. 2.2 bn. 

A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Sampath Bank, Renuka Foods, John Keells Holdings and HNB non-voting accounting for 51.7% of the turnover. 

Mixed interest was observed in Hayleys, Hatton National Bank and Sunshine Holdings whilst retail interest was noted in Industrial Asphalts, Browns Investments and LVL Energy Fund. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. 

The Banking sector was the top contributor to the market turnover (Sampath Bank and Hatton National Bank) whilst the sector index lost 0.54%. The share price of Sampath Bank decreased by Rs. 0.60 (0.76%) to close at Rs. 78.30. 

The share price of Hatton National Bank declined by Rs. 0.50 (0.25%) to close at Rs. 202.75. Capital Goods sector was the second highest contributor to the market turnover (John Keells Holdings and Hayleys) whilst the sector index edged down by 0.02%. The share price of John Keells Holdings closed flat at Rs. 203.75. 

The share price of Hayleys recorded a gain of Rs. 0.75 (0.71%) to close at Rs. 106.25. Renuka Foods was also included amongst the top turnover contributors. The share price of Renuka Foods lost Rs. 0.20 (1.60%) to close at Rs. 12.30.