ASPI drops after five consecutive days of gains

The ASPI closed in red as a result of price losses in counters such as Hayleys, Sampath Bank and Central Finance Company with the turnover crossing Rs. 7.0 bn.

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Digital Mobility Solutions Lanka, LOLC Holdings, and Sampath Bank. 

Mixed interest was observed in Lanka Ventures, East West Properties and Hatton National Bank nonvoting whilst retail interest was noted in Hela Apparel Holdings, Citrus Leisure and Softlogic Capital. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. 

Transportation sector was the top contributor to the market turnover (due to Digital Mobility Solutions Lanka) whilst the sector index gained 16.18 percent. The share price of Digital Mobility Solutions Lanka increased by Rs. 17.25 (16.31%) to close at Rs. 123.00. 

The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank and Hatton National Bank nonvoting) whilst the sector index decreased by 0.57%. 

The share price of Sampath Bank recorded a loss of Rs. 2.75 (1.92%) to close at Rs. 140.25. The share price of Hatton National Bank nonvoting appreciated by Rs. 0.50 (0.17%) to close at Rs. 300.00. LVL Energy Fund and East West Properties were also included amongst the top turnover contributors. The share price of LVL Energy Fund gained Rs. 0.90 (10.59%) to close at Rs. 9.40. The share price of East West Properties moved up by Rs. 6.70 (14.57%) to close at Rs. 52.70.