Week concludes with losses

Both ASPI and S&P SL20 closed in red due to price losses in counters such as Ceylon Tobacco Company, John Keells Holdings and Sri Lanka Telecom with turnover crossing Rs 301 Mn. High net worth and institutional investor participation was witnessed in Lion Brewery. Mixed interest was observed in Access Engineering whilst retail interest was noted in John Keells Holdings Warrant 23. Meanwhile, foreigners closed as net sellers mainly due to foreign selling in Lion Brewery.

During the week, ASPI and S&P SL20 lost 0.34% and 0.10% respectively.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to National Development Bank) whilst the sector index gained 0.11%. The share price of National Development Bank closed flat at Rs 164.00.

Manufacturing sector was the second highest contributor to the market turnover (due to ACL Cables) whilst the sector index decreased by 0.39%. The share price of ACL Cables declined by Rs 0.20 (0.32%) to close at Rs 62.70.

John Keells Holdings Warrant 23, Lion Brewery and Access Engineering were also included amongst the top turnover contributors. The share price of John Keells Holdings Warrant 23 decreased by Rs 0.50 (12.82%) to close at Rs 3.40. The share price of Lion Brewery lost Rs 0.10 (0.03%) closing at Rs 379.90 whilst foreign holdings decreased by 69,501 shares. The share price of Access Engineering recorded a loss of Rs 0.20 (0.78%) to close at Rs 25.30.