Indices bounce back

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Commercial Bank and C T Holdings with the turnover crossing Rs. 4.6 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Prime Lands Residencies and Colombo Dockyard. Mixed interest was observed in ACL Cables, Ceylon Land & Equity and Hatton National Bank whilst retail interest was noted in SMB Leasing, Industrial Asphalts and SMB Leasing nonvoting. 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 ACL Cables, Access Engineering and Colombo Dockyard) whilst the sector index gained 0.55%. The share price of ACL Cables decreased by Rs 0.20 (0.20%) to close at Rs 97.50. The share price of Access Engineering gained Rs 0.90 (1.21%) to close at Rs 75.00.

The share price of Colombo Dockyard moved down by Rs 2.75 (1.95%) to close at Rs 138.50. Diversified Financials sector was the second highest contributor to the market turnover (due to Ceylon Land & Equity) whilst the sector index increased by 1.63%. The share price of Ceylon Land & Equity recorded a gain of Rs 2.23 (19.27%) to close at Rs 13.80. Prime Lands Residencies was also included amongst the top turnover contributors. The share price of Prime Lands Residencies appreciated by Rs 0.60 (1.11%) to close at Rs 54.50.