ASPI hits a 5 week low

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Richard Pieris & Company and National Development Bank with the turnover crossing Rs. 4.9 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hemas Holdings, York Arcade Holding and Vallibel One. Mixed interest was observed in United Motors Lanka, Colombo Dockyard and Renuka Agri Foods whilst retail interest was noted in SMB Leasing, LOLC Finance and Hela Apparel Holdings. 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 Hemas Holdings, Colombo Dockyard and John Keells Holdings) whilst the sector index lost 1.40%. 
The share price of Hemas Holdings decreased by Rs 0.20 (0.56%) to close at Rs 35.30. The share price of Colombo Dockyard moved down by Rs 10.50 (2.56%) to close at Rs 400.25. The share price of John Keells Holdings recorded a loss of Rs 0.30 (1.31%) to close at Rs 22.60.
The Banking sector was the second highest contributor to the market turnover whilst the sector index decreased by 1.62%.
York Arcade Holdings and United Motors Lanka were also included amongst the top turnover contributors. The share price of York Arcade Holdings lost Rs 29.25 (3.17%) to close at Rs 892.50. The share price of United Motors Lanka appreciated by Rs 32.25 (10.91%) to close at Rs 327.75.