Indices close in red

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Colombo Dockyard and Melstacorp with the turnover crossing Rs. 5.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Ceylinco Holdings and R I L Property, Cargills. Mixed interest was observed in Colombo Dockyard, Prime Lands Residencies and Galle Face Capital Partners whilst retail interest was noted in Ceylon Land & Equity, UB Finance Company and SMB Leasing. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard) whilst the sector index lost 0.81%. The share price of Colombo Dockyard decreased by Rs 9.25 (5.97%) to close at Rs 145.75.

Diversified Financials sector was the second highest contributor to the market turnover (due to Ceylon Land & Equity and Galle Face Capital Partners) whilst the sector index decreased by 0.25%. The share price of Ceylon Land & Equity gained Rs 2.80 (22.76%) to close at Rs 15.10. The share price of Galle Face Capital Partners appreciated by Rs 22.00 (20.75%) to close at Rs 128.00.

Ceylinco Holdings and Prime Lands Residencies were also included amongst the top turnover contributors. The share price of Ceylinco Holdings moved down by Rs 109.50 (3.26%) to close at Rs 3,250.25. The share price of Prime Lands Residencies recorded a gain of Rs 0.60 (1.27%) to close at Rs 48.00.