Week begins in red

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Commercial Bank and LOLC Holdings with the turnover crossing Rs. 3.1 Bn. High net worth and institutional investor participation was noted in Citizens Development Business Finance, Hemas Holdings and Central Finance Company. 

Mixed interest was observed in John Keells Holdings, LVL Energy Fund and Lanka IOC whilst retail interest was noted in HNB Finance, Lanka Credit and Business Finance and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

The Diversified Financials sector was the top contributor to the market turnover (due to Citizens Development

Business Finance) whilst the sector index lost 0.43%. The share price of Citizens Development Business Finance recorded a gain of Rs 19.25 (5.93%) to close at Rs 344.00. The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index decreased by 0.40%. 

The share price of John Keells Holdings decreased by Rs 0.10 (0.45%) to close at Rs 21.90. The share price of Hemas Holdings moved up by Rs 0.40 (1.40%) to close at Rs 29.00. LVL Energy Fund Limited and Lanka IOC were also included amongst the top turnover contributors. The share price of LVL Energy Fund Limited gained Rs 0.40 (5.26%) to close at Rs 8.00. The share price of Lanka IOC appreciated by Rs 0.50 (0.37%) to close at Rs 137.25.