Indices bounce back

The ASPI closed in green as a result of price gains in counters such as DFCC Bank, Sampath Bank and Dialog Axiata with the turnover crossing Rs. 5.1 bn. 

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Singer Sri Lanka, Amana Takaful and EB Creasy & Company. 

Mixed interest was observed in Sierra Cables, Hatton National Bank and Teejay Lanka whilst retail interest was noted in Mackwoods Energy, Merchant Bank of Sri Lanka & Finance and Madulsima Plantations. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. 

The Capital Goods sector was the top contributor to the market turnover (due to Sierra Cables and Access Engineering) whilst the sector index lost 33.83%. The share price of Sierra Cables gained Rs. 2.20 (10.63%) to close at Rs. 22.90. 

The share price of Access Engineering appreciated by Rs. 0.80 (1.40%) to close at Rs. 57.90. The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank and Hatton National Bank) whilst the sector index increased by 130.21%. 

The share price of Sampath Bank moved up by Rs. 1.00 (0.69%) to close at Rs. 146.75. The share price of Hatton National Bank recorded a gain of Rs. 2.00 (0.50%) to close at Rs. 399.75. Teejay Lanka was also included amongst the top turnover contributors. The share price of Teejay Lanka closed flat at Rs. 44.00.