Indices continue to close in red

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Hayleys and Colombo Dockyard with the turnover crossing Rs. 5.0 Bn. '

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Tokyo Cement Company and ACL Cables. 

Mixed interest was observed in Softlogic Capital, Prime Lands Residencies and Sampath Bank whilst retail interest was noted in Co-Operative Insurance Company, UB Finance Company and Hikkaduwa Beach Resort. 

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 John Keells Holdings and ACL Cables) whilst the sector index lost 2.97%. The share price of John Keells Holdings decreased by Rs. 0.10 (0.53%) to close at Rs. 18.90. The share price of ACL Cables moved down by Rs. 4.10 (4.70%) to close at Rs. 83.20. 

The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank) whilst the sector index decreased by 1.91%. The share price of Hatton National Bank declined by Rs. 5.00 (1.25%) to close at Rs. 395.25. 

Softlogic Capital and Prime Lands Residencies were also included amongst the top turnover contributors. The share price of Softlogic Capital lost Rs. 0.60 (4.80%) to close at Rs. 11.90. The share price of Prime Lands Residencies recorded a loss of Rs. 3.60 (7.78%) to close at Rs. 42.70.