NDB Daily Market Update 25 May 2015

Melissa Pereira Tue May 26, 2015 11:28 am

Indices closed in red as a result of price losses in counters such
as Commercial Bank, Distilleries and John Keells Holdings
whilst turnover crossed Rs 763 Mn. High net worth and
institutional investor participation was witnessed in
Commercial Credit & Finance. Mixed interest was observed in
John Keells Holdings, Hayleys and Textured Jersey Lanka
whilst retail interest was noted in Asian Alliance Insurance,
Alufab and Sanasa Development Bank. Foreigners closed as
net buyers mainly due to foreign purchasing in Commercial
Credit & Finance.
Banks, Finance and Insurance sector was the top contributor to the
market turnover (due to Commercial Credit & Finance and Asian
Alliance Insurance) whilst the sector index lost 0.54%. The share
price of Commercial Credit & Finance increased by Rs 2.00
(2.94%) closing at Rs 70.00 whilst foreign holdings increased by
982,549 shares. The share price of Asian Alliance Insurance
gained Rs 31.70 (22.59%) to close at Rs 172.00