ASPI gains 2.4% during the week

The ASPI closed in green as a result of price gains in counters such as Dialog Axiata, Hemas Holdings and Ceylon Grain Elevators with the turnover crossing Rs. 6.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank, LOLC Holdings and Hemas Holdings.

Mixed interest was observed in Melstacorp, John Keells Holdings and CIC Holdings whilst retail interest was noted in Lanka Credit and Business Finance, Browns Investments and LOLC Finance. 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 SL 20 gained 2.4% and 1.9% respectively, whilst recording an average daily turnover of Rs. 7.11 Bn.

The Capital Goods sector was the top contributor to the market turnover (due to Hemas Holdings and John Keells Holdings) whilst the sector index gained 0.35%. The share price of Hemas Holdings increased by Rs 0.80 (2.49%) to close at Rs 32.90. The share price of John Keells Holdings recorded a loss of Rs 0.10 (0.45%) to close at Rs 22.10.

The Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Melstacorp) whilst the sector index increased by 1.03%. The share price of Melstacorp moved up by Rs 1.25 (0.76%) to close at Rs 166.00.

Commercial Bank and CIC Holdings were also included amongst the top turnover contributors. The share price of Commercial Bank gained Rs 0.50 (0.26%) to close at Rs 193.50. The share price of CIC Holdings appreciated by Rs 12.75 (8.37%) to close at Rs 165.00.