Week begins on a positive note

Indices closed in green as a result of price gains in counters such as Sampath Bank, DFCC Bank and National Development Bank with the turnover crossing Rs. 5.8 Bn.

High net worth and institutional investor participation was noted in Alpha Fire Services PLC, John Keells Holdings and Commercial Credit & Finance. Mixed interest was observed in Access Engineering, Capital Alliance Holdings Limited and Panasian Power whilst retail interest was noted in Lanka Credit and Business Finance, Singhe

Hospitals and Hela Apparel Holdings. 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 Access Engineering and Alpha Fire Services PLC) whilst the sector index gained 1.01%. The share price of Access Engineering increased by Rs 3.60 (9.38%) to close at Rs 42.00. The share price of Alpha Fire Services PLC appreciated by Rs 2.60 (24.76%) to close at Rs 13.10.

The Diversified Financials sector was the second highest contributor to the market turnover (due to Capital Alliance Holdings Limited and Commercial Credit & Finance) whilst the sector index increased by 1.06%. The share price of Capital Alliance Holdings Limited gained Rs 0.70 (4.12%) to close at Rs 17.70. The share price of Commercial Credit & Finance recorded a gain of Rs 3.80 (5.15%) to close at Rs 77.60.

Panasian Power was also included amongst the top turnover contributors. The share price of Panasian Power moved up by Rs 1.40 (9.93%) to close at Rs 15.50.