YTD net foreign inflow reaches 14 bn

Price losses in counters such as John Keells Holdings, Overseas Realty and Asiri Hospital Holdings resulted in ASPI closing in red whilst turnover crossed Rs 986 Mn. A similar behavior was witnessed in S&P SL20. High net worth and institutional investor participation was witnessed in Pan Asia Banking Corporation, John Keells Holdings and Commercial Bank. Mixed interest was observed in Commercial Bank nonvoting whilst retail interest was noted in Access Engineering and Singer Finance. Meanwhile, foreigners remained active closing as net buyers mainly due to foreign purchases in John Keells Holdings and Commercial Bank.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Pan Asia Banking Corporation, Commercial Bank and Commercial Bank nonvoting) whilst the sector index lost 0.07%. The share price of Pan Asia Banking Corporation increased by Rs 1.30 (7.03%) to close at Rs 19.80. The share price of Commercial Bank moved down by Rs 0.40 (0.28%) closing at Rs 142.20 whilst foreign holdings increased by 699,965 shares. The share price of Commercial Bank nonvoting recorded a gain of Rs 1.00 (0.88%) to close at Rs 114.00.

Diversified sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index decreased by 0.38%. The share price of John Keells Holdings lost Rs 2.00 (1.27%) closing at Rs 155.00 whilst foreign holdings increased by 459,198 shares.

Access Engineering was also included amongst the top turnover contributors. The share price of Access Engineering declined by Rs 0.40 (1.55%) to close at Rs 25.40.