Market closes on a negative note

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Dialog Axiata and Melstacorp with the turnover crossing Rs 543 Mn. High networth and institutional investor participation was witnessed in Hemas Holdings, Hatton Plantationsand Amana Takaful. Mixed interest was observed in Commercial Bank and John Keells Holdings. Furthermore, foreigners remained active closing as net sellers. Total foreign sales accounted for 53.0% of the turnover.

Diversified sector was the top contributor to the market turnover (due to Hemas Holdings and John Keells Holdings) whilst the sector index lost 0.90%.

The share price of Hemas Holdings decreased by Rs 1.80 (1.67%) to close at Rs 105.70.

The share price of John Keells Holdings declined by Rs 1.70 (1.14%) to close at Rs 147.30.

Banks, Finance and Insurance sector was the second highest contributor to the market turnover (due to Amana Takaful and Commercial Bank) whilst the sector index decreased by 0.21%. The share price of Amana Takaful moved up by Rs 0.10 (12.50%) to close at Rs 0.90. The share price of Commercial Bank closed flat at Rs 126.00.

Hatton Plantations was also included amongst the top turnover contributors. The share price of Hatton Plantations lost Rs 0.10 (1.32%) to close at Rs 7.50.