Turnover strengthened by JKH

Bourse closed on a mixed note with the turnover reaching the Rs 700 Mn mark. Foreign selling witnessed in John Keells Holdings via block trades contributed to 42% of turnover. Institutional interest was seen in People’s Leasing and Finance while retail interest was evident in Central Investments and Finance, Panasian Power and Chilaw Finance.

Diversified sector became the top contributor to the market turnover (due to John Keells Holdings) and the sector index dropped 0.80%. The share price of John Keells Holdings lost Rs 7.50 (2.80%) to close at Rs 260.00 and the foreign holding of the counter decreased

Diversified sector became the top contributor to the market turnover (due to John Keells Holdings) and the sector index dropped 0.80%. The share price of John Keells Holdings lost Rs 7.50 (2.80%) to close at Rs 260.00 and the foreign holding of the counter decreased by 1,031,401 shares.

by 1,031,401 shares.

Bank, Finance and Insurance was the second highest contributor to the market turnover (due to Commercial Bank, Sampath Bank and Ceylinco Insurance non-voting) and the sector index gained 0.45%. The share price of Commercial Bank went up by Rs 3.30 (2.89%) to close at Rs 117.30 and the foreign holding of the counter increased by 203,048 shares. The share price of Sampath Bank increased by Rs 2.80 (1.41%) to close at Rs 202.00 while the share price of Ceylinco Insurance non-vot- ing decreased by Rs 9.90 (2.30%) to close at Rs 419.90.

Textured Jersey was also among the top contributors for the day. The share price of the counter closed flat at Rs 12.90 whiles the foreign holding increased by 70,500 shares.

Meanwhile, Associated Motor Finance announced its final dividend of Rs 10.00 per share.