Sri Lanka *market update* ASPI close down, Low retail activity

The market closed today posting a turnover of LKR 514,076,181 (USD 3.5mn) with the indexes moving down. ASPI closed at 6349.03 down 57.13 points (-0.89%) while the more liquid SP SL20 index closed at 3531.92 down 51.87 points (-1.45%). There were no crossings recorded for the day. Diversified Sector was the highest contributor towards the turnover at LKR 263mn followed by Manufacturing sector and Banks Finance and Insurance sector generating LKR 73mn and LKR 56mn. Foreign investors were net sellers of LKR 79.6mn worth of shares, while their participation in terms of revenue decreased to 32.4% (previous day 61.1%). Estimated net foreign buying topped in NTB.N LKR 5.2mn (USD 35k). Estimated net foreign selling topped in JKH.N LKR 83.1mn (USD 561k). Retail activity was witnessed in counters such as JKH.N, TJL.N and AEL.N