Sri Lanka *market update* ASPI close down, low investor participation

The market closed today posting a turnover of LKR 284,860,000 (USD 1.9mn) with the indexes moving down. ASPI closed at 6242.68 down 13.30 points (-0.21%) while the more liquid SP SL20 index closed at 3468.05 down 5.60 points (-0.16%). Crossings accounted for 31% of the turnover with one crossing in JKH.N (LKR 87mn; USD 585k). Diversified Sector was the highest contributor towards the turnover at LKR 116mn followed Manufacturing Sector and Construction sector generating LKR 42mn and LKR 36mn.Foreign investors were net sellers of LKR 100.6mn worth of shares, while their participation in terms of revenue decreased to 29.5% (previous day 46.2%). Estimated net foreign buying topped in ACL.N LKR 17.8mn (USD 120k). Estimated net foreign selling topped in JKH.N LKR 88.3mn (USD 595k). Retail activity was witnessed in counters such as AEL.N, TJL.N and GRAN.N