Indices close in red

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Senkadagala Finance and Richard Pieris & Company with the turnover crossing Rs. 2.3 bn. Meanwhile, the S&P SL20 edged down. 

High net worth and institutional investor participation was noted in Tokyo Cement Company, Hemas Holdings and Hayleys. 

Mixed interest was observed in Tokyo Cement Company nonvoting, Colombo Dockyard and Renuka Agri Foods whilst retail interest was noted in LOLC Finance, Lanka Credit and Business Finance and Browns Investments. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. Materials sector was the top contributor to the market turnover (due to Tokyo Cement Company nonvoting and Tokyo Cement Company) whilst the sector index gained 0.43%. 

The share price of Tokyo Cement Company nonvoting increased by Rs. 1.30 (1.46%) to close at Rs. 90.50. The share price of Tokyo Cement Company gained Rs. 2.75 (2.54%) to close at Rs. 111.00.

Capital Goods sector was the second highest contributor to the market turnover (due to Hemas Holdings and Colombo Dockyard) whilst the sector index decreased by 0.16%. The share price of Hemas Holdings moved down by Rs. 0.20 (0.56%) to close at Rs. 35.30. The share price of Colombo Dockyard recorded a loss of Rs. 12.00 (5.95%) to close at Rs. 189.75. Renuka Agri Foods was also included amongst the top turnover contributors. The share price of Renuka Agri Foods closed flat at Rs. 10.60.