Positive momentum continues

The ASPI closed in green as a result of price gains in counters such as Richard Pieris & Company, John Keells Holdings and Senkadagala Finance with the turnover crossing Rs. 7.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, hSenid Business Solutions and John Keells Holdings. Mixed interest was observed in DFCC Bank, Richard Pieris & Company and Vallibel One whilst retail interest was noted in R I L Property, Renuka Agri Foods and Browns Investments. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings, Vallibel One and Richard Pieris & Company) whilst the sector index gained 1.76%. The share price of John Keells Holdings gained Rs 0.50 (2.23%) to close at Rs 22.90. The share price of Vallibel One recorded a gain of Rs 4.25 (4.06%) to close at Rs 109.00. The share price of Richard Pieris & Company appreciated by Rs 3.40 (8.48%) to close at Rs 43.50.

The Banking sector was the second highest contributor to the market turnover (due to DFCC Bank) whilst the sector index increased by 0.36%. The share price of DFCC Bank moved up by Rs 0.75 (0.44%) to close at Rs 170.50.

R I L Property was also included amongst the top turnover contributors. The share price of R I L Property increased by Rs 0.20 (0.54%) to close at Rs 37.20.