Indices continue to close in green

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Melstacorp with the turnover crossing Rs. 6.4 Bn. High net worth and institutional investor participation was noted in Melstacorp, Lanka Milk Food and Singer Sri Lanka. Mixed interest was observed in ACME Printing & Packaging, Softlogic Capital and Colombo Dockyard whilst retail interest was noted in Industrial Asphalts, Tess Agro and Browns Investments. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Lanka Milk Foods and Melstacorp) whilst the sector index gained 4.20%. The share price of Lanka Milk Foods increased by Rs 5.00 (6.17%) to close at Rs 86.10. The share price of Melstacorp moved up by Rs 8.50 (5.15%) to close at Rs 173.50. 

Capital Goods sector was the second highest contributor to the market turnover (due to Colombo Dockyard) whilst the sector index increased by 4.28%. The share price of Colombo Dockyard appreciated by Rs 12.50 (10.02%) to close at Rs 137.25. 

ACME Printing & Packaging and Softlogic Capital were also included amongst the top turnover contributors. The share price of ACME Printing & Packaging gained Rs 1.80 (37.50%) to close at Rs 6.60. The share price of Softlogic Capital recorded a gain of Rs 0.70 (4.90%) to close at Rs 15.00.