Indices continue to close in green

Indices closed in green as a result of price gains in counters such as Melstacorp, Hatton National Bank and Hemas Holdings with the turnover crossing Rs. 5.4 bn.

High net worth and institutional investor participation was noted in Commercial Bank, Sierra Cables and LOLC Holdings. Mixed interest was observed in Sampath Bank, Hatton National Bank and John Keells Holdings whilst retail interest was noted in Industrial Asphalts, Kotagala Plantations and Waskaduwa Beach Resort. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Banking sector was the top contributor to the market turnover (due to Sampath Bank and Commercial Bank) whilst the sector index gained 1.25%. 

The share price of Sampath Bank gained Rs 1.00 (0.81%) to close at Rs 124.50. The share price of Commercial Bank moved up by Rs 2.00 (1.34%) to close at Rs 151.75. 

The Capital Goods sector was the second highest contributor to the market turnover (due to Sierra Cables) whilst the sector index decreased by 0.97%. The share price of Sierra Cables increased by Rs 0.40 (2.25%) to close at Rs 18.20.

Lanka IOC and LOLC Holdings were also included amongst the top turnover contributors. The share price of Lanka IOC recorded a gain of Rs 0.50 (0.37%) to close at Rs 135.00. The share price of LOLC Holdings declined by Rs 4.00 (0.58%) to close at Rs 690.00.