Week begins in green

The ASPI closed in green as a result of price gains in counters such as Lion Brewery, Aitken Spence and Melstacorp with the turnover crossing Rs. 7.9 bn. 

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Cargills, Commercial Bank and C T Holdings. Mixed interest was observed in Cargills Bank, Panasian Power and Sampath Bank whilst retail interest was noted in Kotagala Plantations, Industrial Asphalts and LOLC 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 Cargills Bank and Commercial Bank) whilst the sector index gained 0.46%. The share price of Cargills Bank increased by Rs. 0.60 (6.19%) to close at Rs. 10.30. The share price of Commercial Bank moved up by Rs. 1.50 (0.77%) to close at Rs. 196.25. 

The Capital Goods sector was the second highest contributor to the market turnover (due to Colombo Dockyard) whilst the sector index decreased by 0.85%. The share price of Colombo Dockyard recorded a gain of Rs. 5.00 (4.02%) to close at Rs. 129.50. Cargills and C T Holdings were also included amongst the top turnover contributors. 

The share price of Cargills lost Rs. 38.75 (4.91%) to close at Rs. 750.00. The share price of C T Holdings closed flat at Rs. 652.50.