ASPI gains 6.7% during the month

The ASPI closed in green as a result of price gains in counters such as Hayleys, Capital Alliance Holdings and Commercial 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 Lanka IOC, Digital Mobility Solutions Lanka and Commercial Credit & Finance. Mixed interest was observed in Capital Alliance Holdings, RIL Property and Sierra Cables whilst retail

interest was noted in Lanka Credit and Business Finance, Prime Lands Residencies and Millennium Housing

Developers. 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 SL20 gained 6.68% and 7.28% respectively, whilst recording an average daily turnover of Rs. 4.21 Bn.

The Diversified Financials sector was the top contributor to the market turnover (due to Capital Alliance Holdings Limited) whilst the sector index lost 0.34%. The share price of Capital Alliance Holdings Limited increased by Rs 7.00 (70%) to close at Rs 17.00.

The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank) whilst the sector index increased by 0.65%. The share price of Sampath Bank recorded a gain of Rs 0.75 (0.66%) to close at Rs 115.00.

RIL Property, Sierra Cables and John Keells Holdings were also included amongst the top turnover contributors. The share  price of RIL Property gained Rs 2.00 (10.53%) to close at Rs 21.00. The share price of Sierra Cables moved down by Rs 1.20 (6.63%) to close at Rs 16.90. The share price of John Keells Holdings declined by Rs 0.20 (0.95%) to close at Rs 20.90.