Indices continue to close in red

Indices closed in red as a result of price losses in counters such as Dialog Axiata, Commercial Bank and Melstacorp with the turnover crossing Rs. 2.7bn. High net worth and institutional investor participation was noted in Chevron Lubricants, Teejay Lanka and Citizens Development Business Finance nonvoting. 

Mixed interest was observed in Dialog Axiata, Seylan Bank nonvoting and Colombo Dockyard whilst retail interest was noted in Industrial Asphalts, SMB Leasing and Browns Investments. 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 Colombo Dockyard) whilst the sector index lost 1.18%. The share price of Colombo Dockyard declined by Rs. 1.75 (1.37%) to close at Rs. 126.25. 

Materials sector was the second highest contributor to the market turnover (due to Chevron Lubricants) whilst the sector index decreased by 1.42%. The share price of Chevron Lubricants decreased by Rs. 0.75 (0.38%) to close at Rs. 198.00. Dialog Axiata, Teejay Lanka and Seylan Bank nonvoting were also included amongst the top turnover contributors. 

The share price of Dialog Axiata lost Rs. 1.90 (4.44%) to close at Rs. 40.90. The share price of Teejay Lanka moved down by Rs. 0.30 (0.96%) to close at Rs. 31.00. The share price of Seylan Bank nonvoting recorded a loss of Rs. 1.20 (1.78%) to close at Rs 66.10.