Indices continue to close in red

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Senkadagala Finance and LOLC Holdings with the turnover crossing Rs. 2.4 bn. 

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Galle Face Capital Partners and Pan Asia Banking Corporation. 

Mixed interest was observed in R I L Property, Access Engineering and Nations Trust Bank whilst retail interest was noted in SMB Leasing, Nation Lanka Finance and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. 

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank, Pan Asia Banking Corporation and Sampath Bank) whilst the sector index lost 2.01%. The share price of Hatton National Bank decreased by Rs. 7.50 (2.41%) to close at Rs. 303.50. 

The share price of Pan Asia Banking Corporation moved down by Rs. 1.30 (3.68%) to close at Rs. 34.00. The share price of Sampath Bank recorded a loss of Rs. 1.50 (1.25%) to close at Rs. 118.50. Diversified Financials sector was the second highest contributor to the market turnover (due to Galle Face Capital Partners) whilst the sector index decreased by 2.55%. The share price of Galle Face Capital Partners lost Rs. 3.50 (7.01%) to close at Rs. 46.40. R I L Property was also included amongst the top turnover contributors. The share price of R I L Property closed flat at Rs. 14.80.