Indices record 4% loss for the day
The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Carson Cumberbatch and Expolanka Holdings, with the turnover crossing Rs 3.2 Bn. A similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings and Cargills. Mixed interest was observed in Expolanka Holdings, Tokyo Cement Company voting and non voting whilst retail interest was noted in Hatton National Bank, Browns Investments and Melstacorp. Foreign participation in the market remained at subdued levels with foreigners closing as net sellers.
Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings) whilst the sector index lost 4.85%. The share price of John Keells Holdings lost Rs 3.40 (2.50%) to close at Rs 132.60.
Materials sector was the second highest contributor to the market turnover (due to Tokyo Cement Company voting and non voting) whilst the sector index decreased by 7.16%. The share price of Tokyo
Cement Company non voting moved down by Rs 4.80 (8.68%) to close at Rs 50.50, while the share price of Tokyo Cement Company declined by Rs 5.80 (8.94%) to close at Rs 59.10. Expolanka Holdings and Cargills were also included amongst the top turnover contributors. The share price of Expolanka Holdings decreased by Rs 2.00 (10.42%) to close at Rs 17.20 while the share price of Cargills closed flat at Rs 190.00.