ASPI edges down

The ASPI edged down as a result of price losses in counters such as Nestle Lanka, C T Holdings and Sampath Bank with the turnover crossing Rs 126 Mn.

Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was witnessed in Ceylinco Insurance. Mixed interest was observed in Access Engineering, Commercial Bank and John Keells Holdings.

Furthermore, foreigners closed as net sellers mainly due to foreign selling in John Keells Holdings. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Ceylinco Insurance, Commercial Bank and Ceylinco Insurance nonvoting) whilst the sector index edged down by 0.09%.

The share price of Ceylinco Insurance edged down by Rs 0.10 (0.01%) to close at Rs 1,850.00. The share price of Commercial Bank closed flat at Rs 90.00. The share price of Ceylinco Insurance nonvoting recorded a loss of Rs 60.40 (7.02%) to close at Rs 800.00.

Diversified sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index decreased by 0.25%. The share price of John Keells Holdings edged up Rs 0.10 (0.07%) closing at Rs 136.20 whilst foreign holdings decreased by 63,396 shares. Access Engineering was also included amongst the top turnover contributors. The share price of Access Engineering gained Rs 0.10 (0.83%) to close at Rs 12.20.