Indices continue to close in red

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Hatton National Bank and Melstacorp with the turnover crossing Rs. 4.1 bn. 

High net worth and institutional investor participation was noted in Melstacorp, ACL Cables and Chevron Lubricants. Mixed interest was observed in Lanka Credit and Business Finance, Access Engineering and John Keells Holdings whilst retail interest was noted in Cargills Bank Rights, Softlogic Holdings and HVA Foods. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. Capital Goods sector was the top contributor to the market turnover (due to ACL Cables, Access Engineering and John Keells Holdings) whilst the sector index lost 1.98%. 

The share price of ACL Cables lost Rs. 1.70 (1.77%) to close at Rs. 94.40. The share price of Access Engineering recorded a loss of Rs. 2.00 (2.67%) to close at Rs 73.00. The share price of John Keells Holdings declined by Rs. 0.50 (2.43%) to close at Rs 20.10. 

Diversified Financials sector was the second highest contributor to the market turnover (due to Lanka Credit and Business Finance Limited) whilst the sector index decreased by 1.08%. The share price of Lanka Credit and Business Finance Limited closed flat at Rs. 9.30. Melstacorp was also included amongst the top turnover contributors. The share price of Melstacorp decreased by Rs. 3.50 (2.06%) to close at Rs. 166.75.