Indices edge down

ASPI edged down due to price losses in counters such as Dialog Axiata, Hemas Holdings and Lanka Ceramic. A similar behaviour was witnessed in S&P SL20. The turnover crossed Rs 923 Mn for the day. High net worth and institutional investor participation was witnessed in Convenience Foods, Amana Takaful and John Keells Holdings. Mixed interest was observed in Sampath Bank whilst retail interest was noted in Balangoda Plantations. Foreign activity in the market remained at subdued levels with foreigners closing as net buyers.

Beverage, Food and Tobacco sector was the top contributor to the market turnover (due to Convenience Foods) whilst the sector index moved up by 0.07%. The share price of Convenience Foods closed flat at Rs 330.00.

Banks, Finance and Insurance sector was the second highest contributor to the market turnover (due to Amana Takaful, Sampath Bank and Hatton National Bank) whilst the sector index edged up by 0.01%. The share price of Amana Takaful closed flat at Rs 0.90. The share price of Sampath Bank recorded a loss of Rs 1.30 (0.43%) to close at Rs 300.00. The share price of Hatton National Bank declined by Rs 0.30 (0.13%) to close at Rs 229.70.

John Keells Holdings was also included amongst the top turnover contributors. The share price of John Keells Holdings closed flat at Rs 162.00.