Positive momentum continues

The ASPI closed in green as a result of price gains in counters such as DFCC Bank, Richard Pieris & Company and National Development Bank with the turnover crossing Rs. 6.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sunshine Holdings, John Keells Holdings and Sri Lanka Telecom. Mixed interest was observed in DFCC Bank, RIL Property and Colombo Dockyard whilst retail interest was noted in Lanka Credit and Business Finance, Lanka Ventures and Madulsima Plantations. 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 DFCC Bank) whilst the sector index gained 1.11%. The share price of DFCC Bank gained Rs 4.75 (3.53%) to close at Rs 139.25.

The 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 0.38%. The share price of John Keells

Holdings moved down by Rs 0.10 (0.40%) to close at Rs 25.00. The share price of Colombo Dockyard appreciated by Rs 20.95 (24.85%) to close at Rs 105.25.

Sunshine Holdings and RIL Property were also included amongst the top turnover contributors. The share price of Sunshine Holdings increased by Rs 0.50 (1.78%) to close at Rs 28.60. The share price of R I L Property recorded a gain of Rs 0.90 (3.03%) to close at Rs 30.60.