Week begins on a mixed note

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Hatton National Bank and Sanasa Development Bank with the turnover crossing Rs. 1.9 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in John Keells Holdings, CIC Holdings and Hatton National Bank. Mixed interest was observed in Sampath Bank, Chevron Lubricants and Capital Alliance whilst retail interest was noted in Browns Investments, Hela Apparel Holdings and John Keells Holdings. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank, Commercial Bank and Sampath Bank) whilst the sector index edged up by 0.07%. The share price of Hatton National Bank increased by Rs 1.50 (0.48%) to close at Rs 317.25. 

The share price of Commercial Bank closed flat at Rs 146.00. The share price of Sampath Bank recorded a loss of Rs 0.25 (0.20%) to close at Rs

121.75. The Materials sector was the second highest contributor to the market turnover (due to CIC Holdings and Chevron Lubricants) whilst the sector index decreased by 0.18%. The share price of CIC Holdings closed flat at Rs 118.00. The share price of Chevron Lubricants declined by Rs 1.50 (1.08%) to close at Rs 137.00.