Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Hatton National Bank and Richard Pieris & Company with the turnover crossing Rs. 2.9 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hemas Holdings, Colombo Dockyard and John Keells Holdings. Mixed interest was observed in Colombo Dockyard rights, Tokyo Cement Company and Capital Alliance whilst retail interest was noted in LOLC Finance, Browns Investments and Lanka Credit and Business Finance. 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 PLC rights, Hemas Holdings, John Keells Holdings and Colombo Dockyard) whilst the sector index lost 2.01%. The share price of Colombo Dockyard PLC rights decreased by Rs 37.10 (49.53%) to close at Rs 37.80. The share price of Hemas Holdings lost Rs 0.20 (0.57%) to close at Rs 34.60. The share price of John Keells Holdings recorded a loss of Rs 0.20 (0.95%) to close at Rs 20.90. The share price of Colombo Dockyard declined by Rs 35.50 (24.91%) to close at Rs 107.00.
Materials sector was the second highest contributor to the market turnover (due to Tokyo Cement Company) whilst the sector index decreased by 0.67%. The share price of Tokyo Cement Company moved down by Rs 1.00 (0.88%) to close at Rs 112.00.