ASPI losses after 11 consecutive days of gains

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Melstacorp and National Development Bank with the turnover crossing Rs. 4.5 Bn. High net worth and institutional investor participation was noted in John Keells Holdings, CT Land Development and Ceylon Cold Stores. Mixed interest was observed in DFCC Bank, Pan Asia Banking Corporation and Hatton National Bank whilst retail interest was noted in Industrial Asphalts, Hela Apparel Holdings and SMB Leasing. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

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The Banking sector was the top contributor to the market turnover (due to DFCC Bank, Pan Asia Banking Corporation and Hatton National Bank) whilst the sector index edged down by 0.06%. The share price of DFCC Bank gained Rs 2.25 (1.47%)