Sri Lanka *market update* ASPI close down 0.4-pct, Turnover Rs.523mn

ASPI closed at 6,514.77, down 28.98 points or 0.44 percent with losses in Nestle Lanka and Ceylon Cold Stores. The market started off for the day on a positive note although failing to keep up the momentum, to close in red. The ASPI and S&P SL20 index dipped 28.98 points and 10.99 points respectively. Interest today was on EXPO, with the stock securing the top slot turnover and volume wise, with a contribution of ~15.5% and ~38% respectively. EXPO closed LKR 0.10 higher at LKR 7. LLUB and DIST continued to be favorites falling in second and third place turnover wise, assisted by a single negotiated deal on each stock, collectively contributing LKR 93mn. Domestic participation was higher during the day while foreigners were on the selling side posting a net foreign outflow of LKR 13mn. DIST secured the highest net foreign inflow while EXPO saw the highest net foreign outflow of LKR 59.50mn. Price losers outnumbered price gainers 82 to 67.