ASPI gains 3.7% during the month

The ASPI closed in green as a result of price gains in counters such as Diesel & Motor Engineering, Bukit Darah and Ceylon Cold Stores with the turnover crossing Rs. 6.3 bn. 

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Ceylon Hotels Corporation, Diesel & Motor Engineering and Central Industries. 

Mixed interest was observed in Digital Mobility Solutions Lanka, Hatton National Bank and Ceylon Cold Stores whilst retail interest was noted in Kotagala Plantations, Lanka Credit and Business Finance and Browns Investments. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. 

During the month, the ASPI and the S&P SL 20 gained 3.7% and 0.8% respectively, whilst recording an average daily turnover of Rs. 7.08 bn. The Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Sunshine Holdings) whilst the sector index gained 1.83%. The share price of Sunshine Holdings appreciated by Rs. 0.90 (2.85%) to close at Rs. 32.50. 

The Capital Goods sector was the second highest contributor to the market turnover whilst the sector index edged up by 0.02%. Ceylon Hotels Corporation, Diesel & Motor Engineering, Digital Mobility Solutions Lanka and Hatton National Bank nonvoting were also included amongst the top turnover contributors. The share price of Ceylon Hotels Corporation increased by Rs. 5.40 (12.47%) to close at Rs. 48.70.  The share price of Diesel & Motor Engineering gained Rs. 335.75 (19.35%) to close at Rs 2,070.75. The share price of Digital Mobility Solutions Lanka moved up by Rs. 1.00 (0.69%) to close at Rs. 146.00. The share price of Hatton National Bank nonvoting closed flat at Rs. 297.00.