ASPI loses 11.2% during the month

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Hayleys and ACL Cables with the turnover crossing Rs. 3.5 bn. 

Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in John Keells Holdings, Tokyo Cement Company and Hayleys. 

Mixed interest was observed in Sampath Bank, Hatton National Bank and Commercial Bank whilst retail interest was noted in SMB Leasing, Co-Operative Insurance Company and Softlogic Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. 

During the month, the ASPI and the S&P SL20 lost 11.2% and 11.0% respectively, whilst recording an average daily turnover of Rs. 4.71 bn. Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Hayleys) whilst the sector index gained 0.41%. 

The share price of John Keells Holdings increased by Rs. 0.40 (2.22%) to close at Rs. 18.40. The share price of Hayleys recorded a loss of Rs. 2.00 (0.92%) to close at Rs. 215.00. 

The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank and Hatton National Bank) whilst the sector index decreased by 0.43%. The share price of Sampath Bank moved down by Rs. 10.25 (6.59%) to close at Rs. 145.25. The share price of Hatton National Bank appreciated by Rs. 5.75 (1.42%) to close at Rs. 410.75. Tokyo Cement Company was also included amongst the top turnover contributors. The share price of Tokyo Cement Company lost Rs. 2.50 (%) to close at Rs. 88.90.