Indices continue to close in green

Indices closed in green as a result of price gains in counters such as John Keells Holdings, DFCC Bank and National Development Bank with the turnover crossing Rs. 5.6 bn. 

High net worth and institutional investor participation was noted in HNB Finance, Lanka Milk Foods and Commercial Bank. 

Mixed interest was observed in Lanka Credit and Business Finance, LOLC Holdings and Softlogic Capital whilst retail interest was noted in UB Finance Company, SMB Leasing and SMB Leasing nonvoting. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. The Diversified financials sector was the top contributor to the market turnover (due to HNB Finance, Lanka Credit and Business Finance Limited and LOLC Holdings) whilst the sector index gained 1.61%. 

The share price of HNB Finance increased by Rs. 1.30 (15.48%) to close at Rs. 9.70. The share price of Lanka Credit and Business Finance Limited recorded a gain of Rs. 1.70 (23.94%) to close at Rs. 8.80. 

The share price of LOLC Holdings appreciated by Rs. 12.00 (2.16%) to close at Rs. 568.00. The Banking sector was the second highest contributor to the market turnover (due to Commercial Bank) whilst the sector index increased by 0.62%. The share price of Commercial Bank moved up by Rs. 1.75 (0.82%) to close at Rs. 215.25. Lanka Milk Foods was also included amongst the top turnover contributors. The share price of Lanka Milk Foods gained Rs. 6.80 (7.89%) to close at Rs. 93.00.