Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, National Development Bank and CT Holdings with the turnover crossing Rs. 7.6 bn.

A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in LOLC Finance, LB Finance and Sampath Bank accounting for 49.5% of the turnover. 

Mixed interest was observed in John Keells Holdings, Panasian Power and Central Finance Company whilst retail interest was noted in C. W. Mackie, Kapruka Holdings and Hela Apparel Holdings. Furthermore, foreigners remained active closing as net sellers. 

The Diversified Financials sector was the top contributor to the market turnover (due to LOLC Finance and Central Finance Company) whilst the sector index edged up by 0.01%. The share price of LOLC Finance closed flat at Rs. 6.00. 

The share price of Central Finance Company moved up by Rs. 5.25 (1.99%) to close at Rs. 269.00. The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 0.45%. 

The share price of John Keells Holdings gained Rs. 0.20 (0.88%) to close at Rs. 22.80. Panasian Power and Sampath Bank were also included amongst the top turnover contributors. The share price of Panasian Power recorded a gain of Rs. 1.70 (11.11%) to close at Rs. 17.00. The share price of Sampath Bank declined by Rs. 0.50 (0.40%) to close at Rs. 126.00.