Crossings boost turnover

The ASPI edged up as a result of price gains in counters such as ACL Cables, Melstacorp and Hayleys with the turnover crossing Rs. 7.5 bn.

Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in Hatton National Bank nonvoting, Sierra Cables, Access Engineering. 

Mixed interest was observed in John Keells Holdings, Softlogic Capital and Royal Ceramics whilst retail interest was noted in Elpitiya Plantations, Brown & Company and Abans 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 Hatton National Bank nonvoting and Hatton National Bank) whilst the sector index lost 0.18%.

The share price of Hatton National Bank nonvoting increased by Rs. 3.50 (1.20%) to close at Rs. 294.00. The share price of Hatton National Bank declined by Rs. 0.75 (0.21%) to close at Rs. 361.50. 

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings, Sierra Cables and Access Engineering) whilst the sector index decreased by 1.07%. The share price of John Keells Holdings lost Rs. 0.60 (2.40%) to close at Rs. 24.40. The share price of Sierra Cables moved up by Rs. 0.70 (4.46%) to close at Rs. 16.40. The share price of Access Engineering recorded a gain of Rs. 0.30 (0.50%) to close at Rs. 60.50.