ASPI gains 0.6% during the week

The ASPI closed in green as a result of price gains in counters such as Hemas Holdings, Co-Operative Insurance Company and Sunshine Holdings with the turnover crossing Rs. 3.7 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Sunshine Holdings, Union Bank and Digital Mobility Solutions Lanka. Mixed interest was observed in Hemas Holdings, Dialog Axiata and R I L Property whilst retail interest was noted in Co-Operative Insurance Company, Lanka Credit and Business Finance and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI gained 0.6% and S&P SL20 gained 0.1% respectively, while recording an average turnover of LKR 2.97 Bn.

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Sunshine Holdings) whilst the sector index gained 0.47%. The share price of Sunshine Holdings increased by Rs 0.80 (3.40%) to close at Rs 24.30.

Capital Goods sector was the second highest contributor to the market turnover (due to Hemas Holdings) whilst the sector index increased by 0.22%. The share price of Hemas Holdings gained Rs 0.70 (2.81%) to close at Rs 25.60. Dialog Axiata, Union Bank and R I L Property were also included amongst the top turnover contributors. The share price of Dialog Axiata moved up by Rs 0.10 (0.61%) to close at Rs 16.60. The share price of Union Bank recorded a loss of Rs 0.10 (0.93%) to close at Rs 10.70. The share price of R I L Property appreciated by Rs 0.40 (2.20%) to close at Rs 18.60.