Indices bounce back

Indices closed in green as a result of price gains in counters such as Dialog Axiata, Sampath Bank and LOLC Holdings with the turnover crossing Rs. 2.1 bn. 

Crossings were witnessed in Hayleys, Abans Electricals and Ceylon Cold Stores, accounting for 46.2% of the turnover. Mixed interest was observed in Dialog Axiata, Renuka Agri Foods and John Keells Holdings whilst retail interest was noted in Citrus Leisure, ACME Printing & Packaging and Browns Investments. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. Capital Goods sector was the top contributor to the market turnover (due to Hayleys and John Keells Holdings) whilst the sector index gained 0.53%. The share price of Hayleys increased by Rs. 0.75 (0.33%) to close at Rs. 226.50.

The share price of John Keells Holdings moved down by Rs. 0.10 (0.51%) to close at Rs. 19.70. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Ceylon Cold Stores) whilst the sector index increased by 1.42%. The share price of Ceylon Cold Stores recorded a gain of Rs. 1.25 (0.93%) to close at Rs. 136.25. Abans Electricals and Dialog Axiata were also included amongst the top turnover contributors. The share price of Abans Electricals gained Rs. 15.00 (1.33%) to close at Rs. 1,145.00. The share price of Dialog Axiata appreciated by Rs. 2.80 (6.80%) to close at Rs. 44.00.