Week begins on a mixed note

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Hatton National Bank and Richard Pieris & Company with the turnover crossing Rs. 3.7 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Colombo Dockyard PLC rights, DFCC Bank and John Keells Holdings. Mixed interest was observed in Colombo Dockyard, Commercial Bank and Richard Pieris & Company whilst retail interest was noted in LVL Energy Fund, Amana Takaful and Kotagala Plantations. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

The Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard PLC rights, Colombo Dockyard and John Keells Holdings) whilst the sector index gained 0.93%. The share price of Colombo Dockyard PLC rights increased by Rs 4.10 (6.70%) to close at Rs 65.30. The share price of Colombo Dockyard gained Rs 40.25 (30.61%) to close at Rs 171.75. The share price of John Keells Holdings recorded a loss of Rs 0.20 (0.95%) to close at Rs 20.90.

The Banking sector was the second highest contributor to the market turnover (due to DFCC Bank and Commercial Bank) whilst the sector index increased by 0.29%. The share price of DFCC Bank moved up by Rs 1.25 (0.87%) to close at Rs 145.50. The share price of Commercial Bank declined by Rs 0.50 (0.25%) to close at Rs 198.25.