ASPI gains 0.9% during the week

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Colombo Dockyard and Commercial Bank with the turnover crossing Rs. 10.5 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Colombo Dockyard, LOLC Holdings and Royal Ceramics. Mixed interest was observed in Prime Lands Residencies, United Motors Lanka and Hatton National Bank whilst retail interest was noted in LOLC Finance, Hikkaduwa Beach Resort and Ceylon Land & Equity. 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 0.9% and 1.4% respectively, whilst recording an average daily turnover of Rs. 7.70 Bn. Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard, Royal Ceramics and Aitken Spence) whilst the sector index gained 0.67%. The share price of Colombo Dockyard increased by Rs 12.75 (9.31%) to close at Rs 149.75. The share price of Royal Ceramics moved up by Rs 1.90 (3.86%) to close at Rs 51.10.

The share price of Aitken Spence appreciated by Rs 1.00 (0.63%) to close at Rs 160.00. Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Holdings) whilst the sector index increased by 1.42%. The share price of LOLC Holdings gained Rs 34.75 (6.15%) to close at Rs 599.50.

Prime Lands Residencies was also included amongst the top turnover contributors. The share price of Prime Lands Residencies recorded a gain of Rs 2.40 (5.96%) to close at Rs 42.70.