ASPI loses 7% during the week

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Richard Pieris & Company and Vallibel One with the turnover crossing Rs 1.4 Bn. Similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Royal Ceramic and Citizens Development Business Finance. Mixed interest was observed in Expolanka Holdings and Lanka IOC whilst retail interest was noted in Sri Lanka Telecom and Browns Investments. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week the ASPI and the S&P SL20 lost 7.1% and 7.7% respectively whilst recording an average daily turnover of Rs 1.31 Bn.

Capital Goods sector was the top contributor to the market turnover (due to Royal Ceramics) whilst the sector index lost 2.64%. The share price of Royal Ceramics moved down by Rs 1.10 (3.79%) to close at Rs 27.90.

Diversified Financials sector was the second highest contributor to the market turnover (due to Citizens Development Business Finance) whilst the sector index decreased by 2.03%. The share price of Citizens Development Business Finance gained Rs 24.50 (13.96%) to close at Rs 200.00.

Expolanka Holdings, Lanka IOC and Sri Lanka Telecom were also included among the top turnover contributors. The share price of Expolanka Holdings decreased by Rs 10.25 (7.71%) to close at Rs 122.75. The share price of Lanka IOC recorded a loss of Rs 9.25 (5.33%) to close at Rs 164.25. The share price of Sri Lanka Telecom declined by Rs 5.60 (7.36%) to close at Rs 70.50.