Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Ceylinco Holdings and Commercial Bank with the turnover crossing Rs. 2.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Colombo Dockyard, Richard Pieris & Company and Hemas Holdings. Mixed interest was observed in Renuka Agri Foods, Swisstek and John Keells Holdings whilst retail interest was noted in SMB Leasing, Co-Operative Insurance Company and Kapruka 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 Colombo Dockyard and Richard Pieris & Company) whilst the sector index lost 1.67%. The share price of Colombo Dockyard decreased by Rs 36.75 (16.07%) to close at Rs 192.00. The share price of Richard Pieris & Company moved up by Rs 0.80 (1.99%) to close at Rs 41.00.
Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Renuka Agri Foods and Sunshine Holdings) whilst the sector index decreased by 0.73%. The share price of Renuka Agri Foods gained Rs 0.90 (9.18%) to close at Rs 10.70. The share price of Sunshine Holdings declined by Rs 0.30 (0.84%) to close at Rs 35.60.
Swisstek was also included amongst the top turnover contributors. The share price of Swisstek recorded a loss of Rs 1.10 (1.16%) to close at Rs 93.60.