Indices rebound after five consecutive days of losses

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, RIL Property and Access Engineering with the turnover crossing Rs. 5.2 Bn. Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Hatton National Bank, John Keells Holdings and Digital Mobility Solutions Lanka. Mixed interest was observed in Colombo Dockyard, Commercial Bank and Prime Lands Residencies whilst retail interest was noted in Browns Investments, HVA Foods and Softlogic Finance. 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 Hatton National Bank and Commercial Bank) whilst the sector index gained 0.53%. The share price of Hatton National Bank closed flat at Rs 395.25. The share price of Commercial Bank closed flat at Rs 193.00.

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Colombo Dockyard) whilst the sector index increased by 1.74%. The share price of John Keells Holdings lost Rs 0.20 (1.06%) to close at Rs 18.70. The share price of Colombo Dockyard recorded a gain of Rs 9.50 (8.74%) to close at Rs 118.25.

Prime Lands Residencies was also included amongst the top turnover contributors. The share price of Prime Lands Residencies appreciated by Rs 4.30 (10.07%) to close at Rs 47.00.