Positive momentum continues

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Ceylinco Holdings and Central Finance Company with the turnover crossing Rs. 5.5 bn. 

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Sunshine Holdings and Dialog Axiata. 

Mixed interest was observed in Colombo Dockyard, Laugfs Gas and ACL Cables whilst retail interest was noted in Industrial Asphalts, SMB Leasing nonvoting and Waskaduwa Beach Resort. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Colombo Dockyard) whilst the sector index gained 0.70%. The share price of John Keells Holdings increased by Rs. 0.10 (0.48%) to close at Rs. 21.00. The share price of Colombo Dockyard moved up by Rs. 17.25 (7.95%) to close at Rs. 234.25. 

Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Sunshine Holdings) whilst the sector index increased by 0.45%. The share price of Sunshine Holdings gained Rs. 1.30 (3.83%) to close at Rs. 35.20. Laugfs Gas and Dialog Axiata were also included amongst the top turnover contributors. The share price of Laugfs Gas recorded a gain of Rs. 6.30 (9.31%) to close at Rs. 74.00. The share price of Dialog Axiata appreciated by Rs. 0.40 (1.37%) to close at Rs. 29.50.