ASPI gains 0.2% during the week

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Melstacorp and DFCC Bank with the turnover crossing Rs. 3.9 Bn. High net worth and institutional investor participation was noted in Capital Alliance Holdings Limited, Digital Mobility Solutions Lanka and Commercial Bank. Mixed interest was observed in Sampath Bank, John Keells Holdings and Central Finance Company whilst retail interest was noted in SMB Leasing, LOLC Finance and HNB Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

During the week, the ASPI and the S&P SL20 gained 0.2% and 0.3% respectively, whilst recording an average daily turnover of Rs. 4.08 Bn. The Diversified Financials sector was the top contributor to the market turnover (due to Capital Alliance Holdings Limited and Central Finance Company) whilst the sector index lost 1.06%. The share price of Capital Alliance Holdings Limited increased by Rs 0.40 (2.42%) to close at Rs 16.90. The share price of Central Finance Company recorded a loss of Rs 4.25 (1.74%) to close at Rs 240.00. The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index decreased by 1.31%. The share price of John Keells Holdings moved down by Rs 0.30 (1.35%) to close at Rs 22.00. Sampath Bank and Dialog Axiata were also included amongst the top turnover contributors. The share price of Sampath Bank lost Rs 2.00 (1.64%) to close at Rs 120.00. The share price of Dialog Axiata appreciated by Rs 0.10 (0.52%) to close at Rs 19.20.