Positive momentum continues

The ASPI closed in green as a result of price gains in counters such as National Development Bank, Dialog Axiata and Carson Cumberbatch with the turnover crossing Rs. 7.5 bn. 

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in National Development Bank, Hatton National Bank and Dipped Products. 

Mixed interest was observed in John Keells Holdings, Bogala Graphite Lanka and Capital alliance holdings. whilst retail interest was noted in Union Bank, Beruwala Resorts and Hela Apparel Holdings. 

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 National Development Bank) whilst the sector index gained 0.32%. The share price of National Development Bank increased by Rs. 3.50 (2.51%) to close at Rs. 143.00. 

Diversified Financials sector was the second highest contributor to the market turnover (due to Capital Alliance Holdings Limited) whilst the sector index increased by 0.72%. The share price of Capital Alliance Holdings Limited recorded a gain of Rs. 0.60 (3.39%) to close at Rs. 18.30. 

John Keells Holdings, Bogala Graphite Lanka and Agarapatana Plantations were also included amongst the top turnover contributors. 

The share price of John Keells Holdings lost Rs. 0.40 (1.71%) to close at Rs. 23.00. The share price of Bogala Graphite Lanka moved up by Rs. 18.10 (31.21%) to close at Rs. 76.10. The share price of Agarapatana Plantations appreciated by Rs. 1.30 (5.91%) to close at Rs. 23.30.