Indices continue to bleed

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Sampath Bank and Browns Investments with the turnover crossing Rs. 815 mn.

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank and Hatton National Bank.

Mixed interest was observed in Expolanka Holdings, Lanka IOC and Sampath Bank whilst retail interest was noted in Browns Investments, SMB Leasing and LOLC Finance.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. The Banking sector was the top contributor to the market turnover (due to Hatton National Bank and Commercial Bank) whilst the sector index lost 1.59%.

The share price of Hatton National Bank lost Rs. 1.90 (2.38%) to close at Rs. 78.10. The share price of Commercial Bank appreciated by Rs. 0.10 (0.20%) to close at Rs. 50.10.

Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings) whilst the sector index decreased by 4.23%.

The share price of Expolanka Holdings decreased by Rs. 7.50 (4.23%) to close at Rs. 169.75. Lanka IOC and Browns Investments were also included amongst the top turnover contributors.

The share price of Lanka IOC moved down by Rs. 2.10 (2.99%) to close at Rs. 68.10. The share price of Browns Investments recorded a loss of Rs. 0.40 (5.19%) to close at Rs. 7.30.