Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Commercial Bank and DFCC Bank with the turnover crossing Rs. 4.9 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Seylan Bank, Ceylon Land & Equity and Digital Mobility Solutions Lanka, accounting for 60.5% of the turnover.
Mixed interest was observed in Commercial Bank, Colombo Dockyard and Ceylon Grain Elevators whilst retail interest was noted in Citrus Leisure, LVL Energy Fund and Amana Takaful Rights. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.
The Banking sector was the top contributor to the market turnover (due to Seylan Bank and Commercial Bank) whilst the sector index lost 0.53%. The share price of Seylan Bank increased by Rs 0.25 (0.24%) to close at Rs 106.25. The share price of Commercial Bank recorded a loss of Rs 1.75 (0.83%) to close at Rs 208.75.
Diversified Financials sector was the second highest contributor to the market turnover (due to Ceylon Land & Equity) whilst the sector index increased by 0.22%. The share price of Ceylon Land & Equity moved up by Rs 0.10 (0.91%) to close at Rs 11.10.
Digital Mobility Solutions Lanka and Colombo Dockyard were also included amongst the top turnover contributors. The share price of Digital Mobility Solutions Lanka gained Rs 1.25 (0.76%) to close at Rs 165.00. The share price of Colombo Dockyard declined by Rs 2.50 (1.75%) to close at Rs 140.75.