ASPI loses 5.4% during the week

Indices closed in red as a result of price losses in counters such as Sampath Bank, John Keells Holdings and Commercial Bank with the turnover crossing Rs. 3.9 bn. 
High net worth and institutional investor participation was noted in Hatton National Bank, Hemas Holdings and John Keells Holdings. 
Mixed interest was observed in Commercial Bank, Sampath Bank and Colombo Dockyard whilst retail interest was noted in SMB Leasing, SMB Leasing nonvoting and Waskaduwa Beach Resort. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. During the week the ASPI and the S&P SL20 lost 5.35% and 5.45% respectively whilst recording an average daily turnover of Rs. 4.25 bn. Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index lost 1.30%. The share price of John Keells Holdings lost Rs. 0.50 (2.33%) to close at Rs. 21.00. The share price of Hemas Holdings recorded a loss of Rs. 0.70 (2.01%) to close at Rs. 34.20. The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank, Commercial Bank and Sampath Bank) whilst the sector index decreased by 1.88%. 
The share price of Hatton National Bank decreased by Rs. 3.25 (0.83%) to close at Rs. 386.75. The share price of Commercial Bank moved down by Rs. 4.00 (2.02%) to close at Rs 194.00. The share price of Sampath Bank declined by Rs. 3.75 (2.66%) to close at Rs. 137.25.