Week commences on a mixed note

The broader market index closed in red whilst S&P SL20 closed in green with turnover crossing Rs 360 Mn. High net worth and institutional investor participation was witnessed in Dialog Axiata and John Keells Holdings. Mixed interest was observed in Commercial Bank, Hatton National Bank nonvoting and Seylan Bank whilst retail interest was noted in Nation Lanka Finance and Lanka IOC. Meanwhile, foreigners remained active closing as net sellers mainly due to foreign selling in Dialog Axiata. Total foreign sales accounted for 52.4% of turnover.

Telecommunications sector was the top contributor to the market turnover (due to Dialog Axiata) whilst the sector index gained 0.42%. The share price of Dialog Axiata closed flat at Rs 10.60 whilst foreign holdings decreased by 11,231,826 shares.

Diversified sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 0.22%. The share price of John Keells Holdings closed flat at Rs 179.90.

Seylan Bank, Commercial Bank and Hatton National Bank nonvoting were also included amongst the top turnover contributors. The share price of Seylan Bank closed flat at Rs 95.00. The share price of Commercial Bank recorded a gain of Rs 0.10 (0.07%) to close at Rs 142.00. The share price of Hatton National Bank nonvoting appreciated by Rs 0.20 (0.11%) to close at Rs 175.20.