Indices edge down
The ASPI edged down as a result of price losses in counters such as Dialog Axiata, Sri Lanka Telecom and Lion Brewery with the turnover crossing Rs 273 Mn. A similar behaviour was witnessed in the S&P Sl20.high net worth and institutional investor participation was witnessed in Renuka Agri Foods, John Keells Holdings and Hatton National Bank. Mixed interest was observed in Tokyo Cement Company and Seylan Bank nonvoting whilst retail interest was noted in Talawakelle Tea Estates.furthermore, foreigners remained active closing as net sellers mainly due to foreign selling in Renuka Agri Foods.
During the week, both indices lost 0.37% whilst recording an average daily turnover of Rs 501 Mn.
Beverage, Food and Tobacco sector was the top contributor to the market turnover (due to Renuka Agri Foods) whilst the sector index gained 0.25%. The share price of Renuka Agri Foods increased by Rs 0.10 (5.00%) closing at Rs 2.10 whilst foreign holdings decreased by 34,735,222 shares.
Banks, Finance and Insurance sector was the second highest contributor to the market turnover (due to Hatton National Bank and Seylan Bank nonvoting) whilst the sector index edged down by 0.10%. The share price of Hatton National Bank moved down by Rs 0.70 (0.29%) to close at Rs 241.10. The share price of Seylan Bank nonvoting declined by Rs 0.80 (1.57%) to close at Rs 50.00.
John Keells Holdings and Tokyo Cement Company were also included amongst the top turnover contributors. The share price of John Keells Holdings lost Rs 0.20 (0.13%) to close at Rs 156.00. The share price of Tokyo Cement Company recorded a loss of Rs 0.80 (2.12%) to close at Rs 37.00.