ASPI records largest daily gain in 8 weeks

Indices closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 6.2bn. 

High net worth and institutional investor participation was noted in Chevron Lubricants, Hemas Holdings, and Central Finance Company. 

Mixed interest was observed in Sierra Cables, R I L Property and LVL Energy Fund, whilst retail interest was noted in Panasian Power, John Keells Holdings and Prime Lands Residencies. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. Capital Goods sector was the top contributor to the market turnover (due to Sierra Cables and Hemas Holdings) whilst the sector index gained 1.25%. 

The share price of Sierra Cables increased by Rs. 3.80 (13.67%) to close at Rs. 31.60. The share price of Hemas Holdings recorded a gain of Rs. 0.40 (1.34%) to close at Rs. 30.30. 

Utilities sector was the second highest contributor to the market turnover (due to LVL Energy Fund Limited) whilst the sector index increased by 6.22%. The share price of LVL Energy Fund Limited moved up by Rs. 1.00 (8.93%) to close at Rs. 12.20. 

R I L Property and Prime Lands Residencies were also included amongst the top turnover contributors. The share price of R I L Property gained Rs. 2.30 (7.03%) to close at Rs. 35.00. The share price of Prime Lands Residencies appreciated by Rs. 1.20 (3.60%) to close at Rs. 34.50.