The Colombo benchmark All Share Price Index closed down 32.16 points at7,078.64 lower 0.45 percent.
S&P SL20 closed 22.79 points lower at 3,864.35 down 0.59 percent.
Turnover was 1.8 billion rupees, up from 1.2 billion rupees Friday with 56 stocks closing positive against 104 negative.
“Market activity was high because of crossings and turnover hit a near five week high,” Lanka Securities said.
“Crossings accounted for 69 percent of the turnover,”
The main index showed losses in Sri Lanka Telecom closed down at 47.90 rupees, down 1.20 rupees and Hemas Holdings closing at 86.00 rupees, down 3.00 rupees. Banking stocks also showed losses with Commercial Bank closing at 162.60 rupees, down 2.30 rupees with an overall 3.6 million shares changing hands. Ten off the floor trades were recorded in the stock with one of 2.8 million shares traded at 164.00 rupees and 794,000 shares traded at 162.00 rupees. John Keells Holdings closed at 173.00 rupees, down 1.50 rupees with 1.1 million shares traded off the floor at 173.50 rupees. JKH warrant 22 which stops trading on Monday closed down at 7.10 rupees, down 1.80 rupees. Foreign investors turned to be net sellers after three consecutive sessions of foreign buying with a net foreign outflow of 630 million rupees. Foreign participation improved from 45 percent to 58 percent which is the highest participation recorded since 03rd July. Net foreign outflows were seen in Aitken Spence 477 million rupees, Commercial Bank 213 million rupees and Lanka Orix Leasing Company 5 million rupees while net foreign inflow was mainly seen in John Keells Holdings 37 million rupees. (UPDATED)