Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Melstacorp and Browns Investments with the turnover crossing Rs. 5.8 Bn. A similar behaviour was witnessed in the S&P SL20.

Crossings were witnessed in Chevron Lubricants, Sampath Bank and Hemas Holdings, accounting for 58.3% of the turnover. Mixed interest was observed in Sanasa Development Bank, Hatton National Bank and John Keells Holdings whilst retail interest was noted in R I L Property, Prime Lands Residencies and LVL Energy Fund.

Furthermore, foreigners closed as net sellers.

During the week, the ASPI and the S&P SL20 lost 1.8% and 2.2% respectively, whilst recording an average daily turnover of Rs. 7.90 Bn.

The Banking sector was the top contributor to the market turnover (due to Sanasa Development Bank, Hatton National Bank and Sampath Bank) whilst the sector index lost 0.32%. The share price of Sanasa Development Bank gained Rs 2.20 (4.78%) to close at Rs 48.20. The share price of Hatton National Bank moved down by Rs 1.00 (0.26%) to close at Rs 384.25. The share price of Sampath Bank recorded a loss of Rs 0.75 (0.53%) to close at Rs 140.00.

Materials sector was the second highest contributor to the market turnover (due to Chevron Lubricants) whilst the sector index decreased by 0.13%. The share price of Chevron Lubricants increased by Rs 4.00 (2.35%) to close at Rs 174.00.

Hemas Holdings was also included amongst the top turnover contributors. The share price of Hemas Holdings closed flat at Rs 30.00.