Week ends with foreign buying

The ASPI edged down as a result of price losses in counters such as Hatton National Bank, National Development Bank and Bukit Darah with the turnover crossing Rs. 1.0 Bn. Meanwhile, the S&P SL20 edged up.

High net worth and institutional investor participation was noted in Agarapatana Plantations, Lion Brewery and Distilleries. Mixed interest was observed in Hatton National Bank, Hayleys and Hemas Holdings whilst retail interest was noted in Industrial Asphalts, HNB Finance Rights and Hela Apparel Holdings. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI and the S&P SL20 lost 1.6% and 1.5% respectively, whilst recording an average daily turnover of Rs. 1.71 Bn.

The Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Agarapatana Plantations) whilst the sector index lost 0.30%. The share price of Agarapatana Plantations increased by Rs 0.10 (0.76%) to close at Rs 13.30. The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank and Sampath Bank) whilst the sector index decreased by 0.13%.

The share price of Hatton National Bank lost Rs 2.25 (0.73%) to close at Rs 306.50. The share price of Sampath Bank appreciated by Rs 0.75 (0.63%) to close at Rs 120.75.

Hayleys and Hemas Holdings were also included amongst the top turnover contributors. The share price of Hayleys moved up by Rs 1.00 (0.73%) to close at Rs 137.50. The share price of Hemas Holdings recorded a gain of Rs 2.00 (1.67%) to close at Rs 121.50.