Indices edge down

The ASPI edged down as a result of price losses in counters such as C T Holdings, Pan Asia Banking Corporation and Diesel & Motor Engineering with the turnover crossing Rs. 4.2 bn. 

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Pan Asia Banking Corporation, Vallibel One and Access Engineering. 

Mixed interest was observed in Softlogic Capital, Prime Lands Residencies and Lanka Milk Foods whilst retail interest was noted in Co-Operative Insurance Company , SMB Leasing 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 Vallibel One) whilst the sector index gained 0.22%. The share price of Vallibel One moved down by Rs. 0.25 (0.23%) to close at Rs. 108.25. 

The Banking sector was the second highest contributor to the market turnover (due to ) whilst the sector index decreased by 0.39%. Softlogic Capital, Prime Lands Residencies, Lanka Milk Foods and Asia Siyaka Commodities were also included amongst the top turnover contributors. 

The share price of Softlogic Capital increased by Rs. 1.00 (13.70%) to close at Rs. 8.30. The share price of Prime Lands Residencies gained Rs. 4.60 (9.58%) to close at Rs. 52.60. The share price of Lanka Milk Foods increased by Rs. 5.10 (6.18%) to close at Rs. 87.60. The share price of Asia Siyaka Commodities recorded a gain of Rs. 2.60 (20.63%) to close at Rs. 15.50.