Indices edge up

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Windforce and Aitken Spence with the turnover crossing Rs. 1.4 bn. 

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Dialog Axiata and Vallibel One. 

Mixed interest was observed in Ceylon Tobacco Company, Browns Investments and Kotagala Plantations whilst retail interest was noted in Hela Apparel Holdings, Sierra Cables and Alumex. 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 Ceylon Tobacco Company, Browns Investments and Kotagala Plantations) whilst the sector index gained 0.70%. The share price of Ceylon Tobacco Company decreased by Rs. 4.25 (0.31%) to close at Rs. 1,347.25. The share price of Browns Investments recorded a gain of Rs. 0.10 (1.28%) to close at Rs. 7.90. 

The share price of Kotagala Plantations appreciated by Rs. 1.00 (10.10%) to close at Rs. 10.90. The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank) whilst the sector index edged up by 0.10%. The share price of Hatton National Bank lost Rs. 0.75 (0.26%) to close at Rs. 293.00. Dialog Axiata was also included amongst the top turnover contributors. The share price of Dialog Axiata closed flat at Rs. 14.50.