Full Stock Market

The ASPI closed in red as a result of price losses in counters such as LOLC Holdings, Browns Investments and Ceylon Tobacco Company with the turnover crossing Rs 3.5 Bn. A similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings and Hatton National Bank. Mixed interest was observed in Royal Ceramics, Dipped Products and Hayleys, whilst retail interest was noted in Expolanka Holdings, LOLC Holdings and Browns Investments. Foreign participation in the market remained at subdued levels with foreigners closing as net sellers.

During the week, the ASPI and the S&P SL20 gained 1.91% and 1.69% respectively, whilst recoding an average daily turnover of Rs 3.93 Bn.

Capital Goods sector was the top contributor to the market turnover (due to Hayleys), whilst the sector index lost 0.35%. The share price of Hayleys gained Rs 0.60 (0.71%) to close at Rs 84.80.

Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments), whilst the sector index decreased by 0.77%. The share price of Browns Investments decreased by Rs 0.20 (3.08%) to close at Rs 6.30.

LOLC Holdings, Expolanka Holdings and Dipped Products were also included amongst the top turnover contributors. The share price of LOLC Holdings moved down by Rs 10.75 (3.01%) to close at Rs 346.50. The share price of Expolanka Holdings recorded a loss of Rs 0.40 (0.76%) to close at Rs 52.20. The share price of Dipped Products declined by Rs 0.50 (0.82%) to close at Rs 60.30.