Indices close in red

The ASPI closed in red as a result of price losses in counters such as Teejay Lanka, Overseas Realty and Distilleries with turnover crossing Rs 612 Mn. Similarly, the S&P SL20 closed in red. High net worth and institutional investor participation was witnessed in John Keells Holdings, Ceylon Tobacco Company and United Motors Lanka. Mixed interest was observed in Teejay Lanka and Vallibel Power Erathna whilst retail interest was noted in Browns Capital. Furthermore, foreigners closed as net sellers mainly due to foreign selling in Teejay Lanka.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Hatton National Bank and Ceylinco Insurance) whilst the sector index lost 0.34%. The share price of Hatton National Bank closed flat at Rs 241.00. The share price of Ceylinco Insurance declined by Rs 25.00 (1.39%) to close at Rs 1,775.00.

Diversified sector was the second highest contributor to the market turnover (due to John Keells Holdings and Browns Capital) whilst the sector index increased by 0.37%. The share price of John Keells Holdings increased by Rs 0.30 (0.18%) to close at Rs 164.20. The share price of Browns Capital recorded a gain of Rs 0.20 (5.13%) to close at Rs 4.10.

Teejay Lanka was also included amongst the top turnover contributors. The share price of Teejay Lanka moved down by Rs 2.00 (6.25%) closing at Rs 30.00 whilst foreign holdings decreased by 793,370 shares.