ASPI records largest daily gain of the year

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Hatton National Bank with the turnover crossing Rs. 6.6 Bn. High net worth and institutional investor participation was noted in National Development Bank, John Keells Holdings and Commercial Bank. Mixed interest was observed in Singer Sri Lanka, Lanka Milk Foods and Colombo Dockyard whilst retail interest was noted in ACME Printing & Packaging, Softlogic Capital and Industrial Asphalts. 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 whilst the sector index gained 3.68%.

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Colombo Dockyard) whilst the sector index increased by 5.60%. The share price of John Keells Holdings increased by Rs 1.20 (6.49%) to close at Rs 19.70. The share price of Colombo Dockyard appreciated by Rs 14.00 (11.27%) to close at Rs 138.25.

Singer Sri Lanka, Softlogic Capital and Lanka Milk Foods were also included amongst the top turnover contributors.

The share price of Singer Sri Lanka increased by Rs 9.70 (12.60%) to close at Rs 86.70. The share price of Softlogic Capital moved up by Rs 1.60 (11.11%) to close at Rs 16.00.

The share price of Lanka Milk Foods recorded a gain of Rs 7.70 (9.25%) to close at Rs 90.90.