Indices record highest daily loss for the year

17 April 2024 09:18 am

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. 1.4 bn.
High net worth and institutional investor participation was noted in Lanka IOC, John Keells Holdings and John Keells Hotels. 
Mixed interest was observed in Ambeon Capital, Browns Investments and LOLC Finance whilst retail interest was noted in Hikkaduwa Beach Resort Rights, Lanka Credit and Business Finance and Industrial Asphalts. 

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 3.37%. 
Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Finance and Capital Alliance) whilst the sector index decreased by 2.81%. The share price of LOLC Finance recorded a loss of Rs. 0.20 (3.28%) to close at Rs. 5.90. The share price of Capital Alliance declined by Rs. 1.10 (1.83%) to close at Rs. 59.00. Lanka IOC, Ambeon Capital and Browns Investments were also included amongst the top turnover contributors. 
The share price of Lanka IOC decreased by Rs. 1.50 (1.18%) to close at Rs. 125.50. The share price of Ambeon Capital lost Rs. 0.20 (1.68%) to close at Rs. 11.70. The share price of Browns Investments moved down by Rs. 0.20 (3.51%) to close at Rs. 5.50.