Week ends in green

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, Melstacorp and John Keells Holdings with the turnover crossing Rs. 2.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Melstacorp and ACL Cables. Mixed interest was observed in Browns Investments, Access Engineering and CIC Holdings whilst retail interest was noted in Industrial Asphalts, LOLC Finance and Dialog Axiata. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.
During the week, the ASPI and the S&P SL20 lost 2.3% and 2.4% respectively, whilst recording an average daily turnover of Rs. 4.16 Bn.

The Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings, ACL Cables and Access Engineering) whilst the sector index gained 2.15%. The share price of John Keells Holdings increased by Rs 0.60 (2.70%) to close at Rs 22.80. The share price of ACL Cables closed flat at Rs 135.75. The share price of Access Engineering appreciated by Rs 1.40 (3.50%) to close at Rs 41.40.
The Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Melstacorp and Browns Investments) whilst the sector index increased by 1.34%. The share price of Melstacorp gained Rs 5.00 (4.00%) to close at Rs 130.00. The share price of Browns Investments moved up by Rs 0.10 (1.16%) to close at Rs 8.70.