Turnover crosses Rs 9 Bn

The ASPI closed in red as a result of price losses in counters such as Hayleys, Richard Pieris & Company and Bukit Darah with the turnover crossing Rs. 9.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Colombo Dockyard and Hemas Holdings.

Mixed interest was observed in ACL Cables, Prime Lands Residencies and Softlogic Capital whilst retail interest was noted in HVA Foods, Co-Operative Insurance Company and Mackwoods Energy. Furthermore, foreigners closed as net sellers.During the week, the ASPI and the S&P SL20 declined 0.6% and 0.1% respectively. Whilst recording an average daily turnover of Rs. 6.8 Bn.

Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard, Hemas Holdings and ACL Cables) whilst the sector index lost 0.19%. The share price of Colombo Dockyard increased by Rs 8.75 (5.98%) to close at Rs 155.00. The share price of Hemas Holdings moved down by Rs 0.20 (0.57%) to close at Rs 34.60. The share price of ACL Cables recorded a gain of Rs 0.25 (0.25%) to close at Rs 101.00.

The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank) whilst the sector index decreased by 0.37%. The share price of Hatton National Bank lost Rs 1.50 (0.35%) to close at Rs 426.25. Softlogic Capital was also included amongst the top turnover contributors. The share price of Softlogic Capital declined by Rs 0.30 (4.23%) to close at Rs 6.80.