The Colombo stock market began a fresh week on a sharply negative note amidst lacklustre investor interest.
The active S&P SL20 index declined by 2.22% and the benchmark ASPI by 1.65%. Turnover was Rs. 1.26 billion involving 51.3 million shares.
Following 10 consecutive sessions of net foreign inflows, foreigners ended on the selling side with a net outflow of Rs. 59 million driven by MELS (Rs. 127 million).
The Insurance sector was the top contributor to the market turnover (due to Softlogic Life Insurance) whilst the sector index lost 0.87%. The share price of Softlogic Life Insurance decreased by Rs. 5 (3.75%) to Rs. 128.50.
The food, beverage & tobacco sector was the second highest contributor to the market turnover (due to Melstacorp) whilst the sector index decreased by 0.87%. The share price of Melstacorp recorded a loss of Rs. 1.60 (3.02%) to Rs. 51.30.
Softlogic Capital, Expolanka Holdings and Lanka IOC were also included amongst the top turnover contributors. The share price of Softlogic Capital lost 40 cents (2.45%) to Rs. 15.90. The share price of Expolanka Holdings dipped Rs 9.25 (4.99%) to Rs. 176.00. The share price of Lanka IOC declined by Rs. 4.50 (2.37%) to Rs. 185.75.