Slow day at the bourse

Market had a subdued start with the turnover levels remaining low. Foreign interest in Distilleries, which saw a parcel trading hands, and Chevron Lubricants edged up turnover levels. Interest was also seen in People’s Leasing Company and Balangoda Plantations while Environmental Resources dominated retail activity.

Banking finance and insurance sector was the top contributor to the market turnover (due to People’s Leasing Company) and the sector index increased by 0.46%. The share price of People’s Leasing Company gained Rs 0.10 (0.80%) to close at Rs 12.60.

Manufacturing sector was the second highest contributor to the market turnover (due to Chevron Lubricants) and the sector index gained 1.13%. The share price of Chevron Lubricants increased by Rs 3.00 (1.52%) to close at Rs 200.00 while its f oreign holdings increased by 148,030 shares.

Distilleries, Balangoda Plantations and Environmental Resources Investments were also among top contributors for the day. The share price of Distilleries gained Rs 1.90 (1.36%) to close at Rs 141.90 while the share price of Balangoda Plantations increased Rs 1.50 (4.17%) to close at Rs 37.50. The share price of Environmental Resources Investments moved up Rs 0.90 (6.16%) to close at 15.50. Foreign holdings in Distilleries increased by 150,000 shares.