Indices close in red

The ASPI closed in red as a result of price losses in counters such as Lanka Orix Leasing Company, Distilleries and Chevron Lubricants with turnover crossing Rs 390 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was seen in Sampath Bank and Commercial Bank nonvoting. Mixed interest was observed in Chevron Lubricants.foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Sampath Bank, Commercial Bank and Hatton National Bank) whilst the sector index lost 0.40%. The share price of Sampath Bank edged downby Rs 0.30 (0.10%) to close at Rs 314.90. The share price of Commercial Bank edged down by Rs 0.10 (0.07%) to close at Rs 136.00. The share price of Hatton National Bank closed flat at Rs 241.00.

Manufacturing sector was the second highest contributor to the market turnover (due to Chevron Lubricants) whilst the sector index decreased by 0.63%. The share price of Chevron Lubricants lost Rs 4.30 (4.56%) to close at Rs 89.90.

Sunshine Holdings was also included amongst the top turnover contributors. The share price of Sunshine Holdings appreciated by Rs 0.10 (0.17%) to close at Rs 60.00.

Furthermore, Union Chemicals Lanka announced itsfinal dividend of Rs 6.00 per share.