ASPI gains 3.6% during the week

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, National Development Bank and Cargills with the turnover crossing Rs. 2.6 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in CIC Holdings, Hatton National Bank and Lanka Milk Foods. Mixed interest was observed in Teejay Lanka, John Keells Holdings and Colombo Dockyard whilst retail interest was noted in ACME Printing & Packaging, Industrial Asphalts and Softlogic Capital. 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 3.6% and 4.3% respectively, whilst recording an average daily turnover of Rs. 3.79 Bn.

Consumer Durables & Apparel sector was the top contributor to the market turnover (due to Teejay Lanka) whilst the sector index lost 0.81%. The share price of Teejay Lanka decreased by Rs 1.00 (3.33%) to close at Rs 29.00.

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Colombo Dockyard) whilst the sector index decreased by 1.80%. The share price of John Keells Holdings recorded a loss of Rs 0.70 (3.66%) to close at Rs 18.40. The share price of Colombo Dockyard declined by Rs 2.25 (1.74%) to close at Rs 126.75.

Diesel & Motor Engineering and ACME Printing & Packaging were also included amongst the top turnover contributors. The share price of Diesel & Motor Engineering gained Rs 154.00 (11.47%) to close at Rs 1,496.25. The share price of ACME Printing & Packaging moved up by Rs 0.10 (1.56%) to close at Rs 6.50.