Indices close in red

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Sampath Bank and Ceylon Cold Stores with the turnover crossing Rs 301 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was witnessed in Sampath Bank, Ceylon Tobacco Company and Renuka Capital. Furthermore, foreigners closed as net sellers mainly due to foreign selling in Sampath Bank and Ceylon Tobacco Company.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Sampath Bank) whilst the sector index lost 0.69%. The share price of Sampath Bank decreased by Rs 7.90 (3.34%) closing at Rs 228.80 whilst foreign holdings decreased by 99,644 shares.

Beverage, Food and Tobacco sector was the second highest contributor to the market turnover (due to Ceylon Tobacco Company and Renuka Foods nonvoting) whilst the sector index decreased by 0.50%. The share price of Ceylon Tobacco Company closed flat at Rs 1,375.00 whilst foreign holdings decreased by 24,214 shares. The share price of Renuka Foods nonvoting recorded a gain of Rs 0.20 (2.50%) to close at Rs 8.20.

Renuka Capital and Hemas Holdings were also included amongst the top turnover contributors. The share price of Renuka Capital closed flat at Rs 3.90. The share price of Hemas Holdings declined by Rs 2.00 (2.30%) to close at Rs 85.00.