ASPI gains 4.6% during the week

The ASPI closed in green as a result of price gains in counters such as CT Holdings, John Keells Holdings and Sampath Bank with the turnover crossing Rs. 5.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Ceylon Hotels Corporation, John Keells Holdings and Access Engineering. Mixed interest was observed in Hemas Holdings, Sampath Bank and Sunshine Holdings whilst retail interest was noted in Renuka Agri Foods, Singhe Hospitals and Waskaduwa Beach Resort. 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 4.6% and 3.6% respectively, whilst recording an average daily turnover of Rs. 5.12 Bn.

The Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index gained 0.92%. The share price of John Keells Holdings increased by Rs 0.30 (1.38%) to close at Rs 22.10. The share price of Hemas Holdings gained Rs 0.10 (0.33%) to close at Rs 30.20.

The Diversified Financials sector was the second highest contributor to the market turnover whilst the sector index increased by 0.46%.

Sampath Bank, Sunshine Holdings and Singer Sri Lanka were also included amongst the top turnover contributors. The share price of Sampath Bank moved up by Rs 1.50 (1.22%) to close at Rs 124.25. The share price of Sunshine Holdings recorded a loss of Rs 0.30 (1.12%) to close at Rs 26.40. The share price of Singer Sri Lanka appreciated by Rs 2.90 (6.58%) to close at Rs 47.00.