ASPI gains 4.7% during the week

The ASPI closed in green as a result of price gains in counters such as Senkadagala Finance, John Keells Holdings and Hayleys with the turnover crossing Rs. 3.0 Bn.

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Hatton National Bank, Tokyo Cement Company and Commercial Bank. Mixed interest was observed in Colombo Dockyard, Swisstek and John Keells Holdings whilst retail interest was noted in Industrial Asphalts, Co-Operative Insurance Company and Lanka Credit and Business Finance. 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 4.7% and 2.9% respectively, whilst recording an average daily turnover of Rs. 4.30 Bn.

Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard and John Keells Holdings) whilst the sector index gained 0.45%. The share price of Colombo Dockyard decreased by Rs 5.50 (2.35%) to close at Rs 228.75. The share price of John Keells Holdings appreciated by Rs 0.20 (0.95%) to close at Rs 21.20.

Materials sector was the second highest contributor to the market turnover (due to Tokyo Cement Company nonvoting and Swisstek) whilst the sector index increased by 0.94%.

The share price of Tokyo Cement Company nonvoting gained Rs 1.40 (1.63%) to close at Rs 87.20. The share price of Swisstek recorded a gain of Rs 4.30 (4.76%) to close at Rs 94.70. 

Hatton National Bank was also included amongst the top turnover contributors. The share price of Hatton National Bank moved down by Rs 2.25 (0.57%) to close at Rs 392.75.