Indices edge up

The ASPI closed in green as a result of price gains in counters such as ACME Printing & Packaging, John Keells Holdings and Sampath Bank with the turnover crossing Rs. 9.0 bn. 

A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Commercial Bank, Teejay Lanka and Richard Pieris & Company, accounting for 41.9% of the turnover. 

Mixed interest was observed in Colombo Dockyard, Ceylon Land & Equity and Sierra Cables whilst retail interest was noted in Luminex, Renuka Agri Foods and Asia Siyaka Commodities. Furthermore, foreigners closed as net sellers. During the week, the ASPI and the S&P SL20 declined 0.04% and 0.40% respectively. 

Whilst recording an average daily turnover of Rs. 8.4 bn. The Banking sector was the top contributor to the market turnover (due to Commercial Bank) whilst the sector index gained 0.47%. The share price of Commercial Bank increased by Rs. 0.50 (0.22%) to close at Rs. 225.00. 

Capital Goods sector was the second highest contributor to the market turnover (due to Colombo Dockyard and Sierra Cables) whilst the sector index edged down by 0.01%. The share price of Colombo Dockyard moved up by Rs. 2.50 (1.64%) to close at Rs. 154.75. 

The share price of Sierra Cables recorded a gain of Rs. 1.60 (4.38%) to close at Rs. 38.10. Teejay Lanka and Ceylon Land & Equity were also included amongst the top turnover contributors. The share price of Teejay Lanka gained Rs. 1.10 (2.95%) to close at Rs. 38.40. The share price of Ceylon Land & Equity appreciated by Rs. 1.90 (9.22%) to close at Rs. 22.50.