Indices bounce back with turnover surpassing LKR 11 Bn

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, National Development Bank and Nawaloka Hospitals with the turnover crossing Rs. 11.8 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in C T Holdings, Citizens Development Business Finance and Digital Mobility Solutions Lanka. Mixed interest was observed in Cargills , Sierra Cables and HNB Finance Nonvoting whilst retail interest was noted in Tess Agro, LOLC Finance and Hikkaduwa Beach Resort. Furthermore, foreigners closed as net sellers.

The Food & Staples Retailing sector was the top contributor to the market turnover (due to C T Holdings and Cargills ) whilst the sector index lost 2.20%. The share price of C T Holdings decreased by Rs 29.75 (4.14%) to close at Rs 689.00. The share price of Cargills lost Rs 3.25 (0.40%) to close at Rs 819.50.

Diversified Financials sector was the second highest contributor to the market turnover (due to Citizens Development Business Finance) whilst the sector index increased by 0.37%. The share price of Citizens Development Business Finance moved up by Rs 5.25 (1.44%) to close at Rs 369.50.

Digital Mobility Solutions Lanka and Sierra Cables were also included amongst the top turnover contributors. The share price of Digital Mobility Solutions Lanka recorded a loss of Rs 0.75 (0.56%) to close at Rs 132.00. The share price of Sierra Cables appreciated by Rs 2.60 (10.32%) to close at Rs 27.80.