AAIC crossing accounts for 93% of turnover
The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Distilleries and Ceylon Tobacco Company with the turnover crossing Rs 2.8 Bn. A similar behavior was witnessed in the S&P SL20.
Crossings were witnessed in Softlogic Life Insurance and Singhe Hospitals, accounting for 95.4% of the turnover. Mixed interest was observed in Browns Investments whilst retail interest was noted in Chevron Lubricants and Tokyo Cement Company nonvoting. Furthermore, foreigners remained active closing as net buyers.
Total foreign purchases accounted for 93.5% of the turnover. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Softlogic Life Insurance, Ceylinco Insurance and Sampath Bank) whilst the sector index lost 0.32%. The share price of Softlogic Life Insurance closed flat at Rs 37.90. The share price of Ceylinco Insurance recorded a gain of Rs 38.50 (2.07%) to close at Rs 1,900.00.
The share price of Sampath Bank declined by Rs 0.90 (0.59%) to close at Rs 152.10. Health Care sector was the second highest contributor to the market turnover (due to Singhe Hospitals) whilst the sector index edged down by 0.09%.
The share price of Singhe Hospitals lost Rs 0.10 (6.25%) to close at Rs 1.50. Browns Investments was also included amongst the top turnover contributors. The share price of Browns Investments moved down by Rs 0.10 (1.82%) to close at Rs 5.40