Week ends in green

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 1.9 Bn. High net worth and institutional investor participation was noted in Nations Trust Bank, Digital Mobility Solutions Lanka and Prime Lands Residencies. Mixed interest was observed in Dialog Axiata, John Keells Holdings and Softlogic Capital whilst retail interest was noted in HNB

Finance Rights, SMB Leasing nonvoting and Browns Investments. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI lost 0.5% and the S&P SL20 gained 0.1%, whilst recording an average daily turnover of Rs. 2.02 Bn.

The Banking sector was the top contributor to the market turnover (due to Nations Trust Bank and Commercial Bank) whilst the sector index gained 1.83%. The share price of Nations Trust Bank gained Rs 3.50 (1.15%) to close at Rs 308.25. The share price of Commercial Bank recorded a gain of Rs 3.25 (1.63%) to close at Rs 202.25.

Capital Goods sector was the second highest contributor to the market turnover whilst the sector index increased by 1.73%.

Digital Mobility Solutions Lanka, Prime Lands Residencies and Dialog Axiata were also included amongst the top turnover contributors. The share price of Digital Mobility Solutions Lanka increased by Rs 2.25 (1.42%) to close at Rs 160.50. The share price of Prime Lands Residencies moved up by Rs 3.10 (7.99%) to close at Rs 41.90. The share price of Dialog Axiata appreciated by Rs 0.40 (0.92%) to close at Rs 43.90.