Indices rebound

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, National Development Bank and Melstacorp with the turnover crossing Rs. 4.0 bn. 

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, John Keells Holdings and DFCC Bank. 

Mixed interest was observed in Vallibel One, Browns Investments and CIC Holdings whilst retail interest was noted in SMB Leasing, Asia Siyaka Commodities and Co-Operative Insurance Company. 

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 DFCC Bank) whilst the sector index gained 0.60%. The share price of Hatton National Bank increased by Rs. 2.25 (0.56%) to close at Rs. 402.25. The share price of DFCC Bank moved up by Rs. 0.25 (0.16%) to close at Rs. 160.00. 

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Vallibel One) whilst the sector index increased by 0.15%. The share price of John Keells Holdings lost Rs. 0.20 (0.88%) to close at Rs. 22.40. The share price of Vallibel One declined by Rs. 0.75 (0.71%) to close at Rs. 104.25. Central Finance Company was also included amongst the top turnover contributors. The share price of Central Finance Company recorded a gain of Rs. 1.25 (0.44%) to close at Rs. 288.00.