Week ends in green

Indices closed in green as a result of price gains in counters such as Commercial Bank, Melstacorp and John Keells Holdings with the turnover crossing Rs. 3.5 Bn. High net worth and institutional investor participation was noted in Commercial Bank, Sampath Bank and John Keells Holdings. Mixed interest was observed in National Development Bank, Hatton National Bank and CIC Holdings nonvoting whilst retail interest was noted in Browns Investments, LVL Energy Fund and LOLC Finance. Furthermore, foreigners closed as net sellers.
During the week, the ASPI lost 0.3% and S&P SL20 gained 0.6% respectively, while recording an average turnover of LKR 4.2 Bn.
The Banking sector was the top contributor to the market turnover (due to Sampath Bank, Commercial Bank, National Development Bank and Hatton National Bank) whilst the sector index gained 0.89%. The share price of Sampath Bank increased by Rs 0.75 (0.62%) to close at Rs 122.25. The share price of Commercial Bank gained Rs 2.75 (1.84%) to close at Rs 152.00. The share price of National Development Bank moved up by Rs 1.75 (1.46%) to close at Rs 121.75. The share price of Hatton National Bank recorded a gain of Rs 0.75 (0.23%) to close at Rs 333.50.
Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 0.37%. The share price of John Keells Holdings appreciated by Rs 0.20 (0.90%) to close at Rs 22.40.