ASPI gains 0.7% during the week

The ASPI closed in green as a result of price gains in counters such as Pan Asia Banking Corporation, C T Holdings and DFCC Bank with the turnover crossing Rs. 5.9 bn.

Meanwhile, the S&P SL20 edged down. Crossings were witnessed in C T Holdings, Cargills, Pan Asia Banking Corporation, John Keells Holdings, Lion Brewery, Melstacorp, Lanka IOC, and Central Finance Company accounting for 71.7% of the turnover.

Mixed interest was observed in Lankem Developments, JAT Holdings and ACL Cables whilst retail interest was noted in Browns Investments, Industrial Asphalts and Panasian Power. Furthermore, foreigners closed as net sellers. 

During the week, both the ASPI and S&P SL20 gained 0.7% and 0.1% respectively, while recording an average turnover of Rs. 3.29 bn. Food & Staples Retailing sector was the top contributor to the market turnover (due to C T Holdings and Cargills) whilst the sector index gained 1.28%. 

The share price of C T Holdings increased by Rs. 8.75 (2.24%) to close at Rs. 398.75. The share price of Cargills gained Rs. 1.50 (0.33%) to close at Rs. 459.50. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Lankem Developments) whilst the sector index increased by 0.43%. 

The share price of Lankem Developments recorded a gain of Rs. 0.70 (3.48%) to close at Rs. 20.80. Pan Asia Banking Corporation and John Keells Holdings were also included amongst the top turnover contributors. The share price of Pan Asia Banking Corporation moved up by Rs. 2.70 (7.76%) to close at Rs. 37.50. The share price of John Keells Holdings declined by Rs. 0.40 (1.93%) to close at Rs. 20.30.