ASPI gains 1.4% during the week

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Harischandra Mills and Cargills with the turnover crossing Rs. 11.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Harischandra Mills, Sanasa Development Bank and DFCC Bank. Mixed interest was observed in People’s Leasing & Finance, Pan Asia Banking Corporation and R I L Property whilst retail interest was noted in Co-Operative Insurance Company, SMB Leasing and LVL Energy Fund. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

During the month, the ASPI and the S&P SL20 gained 1.4% and 0.6% respectively, whilst recording an average daily turnover of Rs. 7.44 Bn. The Banking sector was the top contributor to the market turnover (due to DFCC Bank and Sanasa Development Bank) whilst the sector index gained 0.65%. The share price of DFCC Bank gained Rs 3.25 (2.08%) to close at Rs 159.25. The share price of Sanasa Development Bank moved up by Rs 4.50 (9.00%)

to close at Rs 54.50. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Harischandra Mills) whilst the sector index increased by 0.15%. 

The share price of Harischandra Mills increased by Rs 2474.75 (50.00%) to close at Rs 7,424.50. People’s Leasing & Finance and R I L Property were also included amongst the top turnover contributors. The share price of People’s Leasing & Finance recorded a gain of Rs 1.10 (3.68%) to close at Rs 31.00. 

The share price of R I L Property appreciated by Rs 1.40 (4.17%) to close at Rs 35.00.