ASPI loses 4.3% during the week

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 5.0 Bn. High net worth and institutional investor participation was noted in ACL Cables, Ceylinco Holdings and Renuka Agri Foods. Mixed interest was observed in HVA Foods, Colombo Dockyard and HNB Finance whilst retail interest was noted in SMB Leasing, UB Finance Company and Hikkaduwa Beach Resort. Furthermore, foreigners closed as net sellers.

During the week, the ASPI and the S&P SL20 gained 4.3% and 4.1% respectively, whilst recording an average daily turnover of Rs. 6.23 Bn.

Capital Goods sector was the top contributor to the market turnover (due to ACL Cables and Colombo Dockyard) whilst the sector index lost 1.64%. The share price of ACL Cables decreased by Rs 0.20 (0.20%) to close at Rs 97.60. The share price of Colombo Dockyard recorded a loss of Rs 2.50 (1.75%) to close at Rs 140.50.

Insurance sector was the second highest contributor to the market turnover (due to Ceylinco Holdings) whilst the sector index increased by 1.33%. The share price of Ceylinco Holdings gained Rs 99.75 (3.12%) to close at Rs 3,300.00.

HVA Foods and HNB Finance were also included amongst the top turnover contributors. The share price of HVA Foods moved up by Rs 0.80 (14.29%) to close at Rs 6.40. The share price of HNB Finance appreciated by Rs 0.40 (4.12%) to close at Rs 10.10.