Indices bounce back

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Sampath Bank and Commercial Bank with the turnover crossing Rs. 4.4bn. 

High net worth and institutional investor participation was noted in Renuka Hotels, Softlogic Holdings and Singer Sri Lanka. Mixed interest was observed in Softlogic Capital, HVA Foods and Lanka Milk Foods whilst retail interest was noted in Cargills Bank, SMB Leasing and Browns Investments. 

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 Softlogic Holdings) whilst the sector index gained 2.96%. The share price of Softlogic Holdings moved up by Rs. 3.40 (47.22%) to close at Rs. 10.60. 

Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Lanka Milk Foods and HVA Foods) whilst the sector index increased by 2.69%. The share price of Lanka Milk Foods gained Rs. 3.20 (3.72%) to close at Rs. 89.30. 

The share price of HVA Foods closed flat at Rs. 7.20. Softlogic Capital and Renuka Hotels Limited were also included amongst the top turnover contributors. The share price of Softlogic Capital increased by Rs. 2.30 (20.72%) to close at Rs. 13.40. The share price of Renuka Hotels Limited appreciated by Rs. 6.00 (2.65%) to close at Rs. 232.00.