ASPI losses 2.0% during the week

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Bukit Darah and Ambeon Holdings with the turnover crossing Rs. 3.8 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton Plantations, Dialog Axiata and People’s Leasing & Finance. Mixed interest was observed in Renuka Agri Foods, Access Engineering and John Keells Holdings whilst retail interest was noted in SMB Leasing, HVA Foods and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. During the week, the ASPI and the S&P SL20 lost 2.0% and 1.1% respectively, whilst recording an average daily turnover of Rs. 4.00 Bn. 

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Hatton Plantations and Renuka Agri Foods) whilst the sector index lost 0.92%. The share price of Hatton Plantations closed flat at Rs 28.50. The share price of Renuka Agri Foods gained Rs 0.70 (8.43%) to close at Rs 9.00. 

Capital Goods sector was the second highest contributor to the market turnover (due to Access Engineering and John Keells Holdings) whilst the sector index decreased by 0.24%. The share price of Access Engineering recorded a gain of Rs 1.30 (1.94%) to close at Rs 68.40. The share price of John Keells Holdings closed flat at Rs 22.90.

Dialog Axiata was also included amongst the top turnover contributors. The share price of Dialog Axiata moved down by Rs 0.40 (1.32%) to close at Rs 30.00.