ASPI records largest daily gain in 6 weeks

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, Sampath Bank and Hayleys with the turnover crossing Rs. 2.5 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Cargills, and Access Engineering. Mixed interest was observed in Panasian Power, Sampath Bank and East West Properties whilst retail interest was noted in HNB Finance, Kotagala Plantations and Prime Lands Residencies. 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 1.9% and 1.8% respectively whilst recording an average daily turnover of Rs. 3.94 Bn.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank and Sampath Bank) whilst the sector index gained 1.90%. The share price of Hatton National Bank increased by Rs 5.00 (1.59%) to close at Rs 320.00. The share price of Sampath Bank moved up by Rs 2.25 (1.89%) to close at Rs 121.25.

Diversified Financials sector was the second highest contributor to the market turnover whilst the sector index increased by 2.25%.

Panasian Power, East West Properties and Swisstek were also included among the top turnover contributors. The share price of Panasian Power gained Rs 0.50 (3.45%) to close at Rs 15.00. The share price of East West Properties recorded a gain of Rs 2.20 (12.50%) to close at Rs 19.80. The share price of Swisstek appreciated by Rs 4.30 (6.40%) to close at Rs 71.50.