ASPI rebounds with a daily gain of 2.54%

Indices closed in green as a result of price gains in counters such as Commercial Bank, John Keells Holdings and Melstacorp with the turnover crossing Rs. 5.2 bn. 

High net worth and institutional investor participation was noted in Commercial Bank, LB Finance and Access Engineering.

Mixed interest was observed in John Keells Holdings, Pan Asia Banking Corporation and Central Finance Company whilst retail interest was noted in Nation Lanka Finance, Lanka Credit and Business Finance and LOLC Finance. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Banking sector was the top contributor to the market turnover (due to Commercial Bank and Pan Asia Banking Corporation) whilst the sector index gained 2.58%. 

The share price of Commercial Bank gained Rs. 5.25 (3.54%) to close at Rs. 153.75. The share price of Pan Asia Banking Corporation moved up by Rs. 1.60 (3.86%) to close at Rs. 43.10. The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 3.08%. 

The share price of John Keells Holdings increased by Rs. 0.60 (2.84%) to close at Rs. 21.70. Central Finance Company and HNB Finance were also included amongst the top turnover contributors. The share price of Central Finance Company recorded a gain of Rs. 9.25 (4.04%) to close at Rs. 238.00. The share price of HNB Finance appreciated by Rs. 0.60 (11.76%) to close at Rs. 5.70.