Indices close in red
The ASPI closed in red as a result of price losses in counters such as Distilleries, Lanka Orix Leasing Company and Brac Lanka Finance with the turnover crossing Rs 459 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was witnessed in Commercial Bank and Sampath Bank. Mixed interest was observed in Janashakthi Insurance Company. Furthermore, foreigners remained active closing as net sellers mainly due to foreign selling in Commercial Bank. Total foreign sales accounted for 67.5% of the turnover.
Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Commercial Bank, Sampath Bank, Hatton National Bank and Commercial Bank nonvoting) whilst the sector index lost 0.34%. The share price of Commercial Bank decreased by Rs 0.20 (0.16%) closing at Rs 128.00 whilst foreign holdings decreased by 1,962,744 shares. The share price of Sampath Bank lost Rs 1.20 (0.38%) to close at Rs 312.70. The share price of Hatton National Bank edged down by Rs 0.20 (0.08%) to close at Rs 241.80. The share price of Commercial Bank nonvoting declined by Rs 0.20 (0.20%) to close at Rs 99.30.
Diversified sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 0.12%. The share price of John Keells Holdings moved down by Rs 0.30 (0.19%) to close at Rs 156.20.