Crossings boost turnover

The ASPI edged up as a result of price gains in counters such as Commercial Bank, DFCC Bank and C T Holdings with the turnover crossing Rs. 4.7 Bn. Meanwhile, the S&P SL20 closed in green. Crossings were witnessed in DFCC Bank, Hatton National Bank and Sierra Cables accounting for 51.7% of the turnover. Mixed interest was observed in ACL Cables, Commercial Bank and Sampath Bank whilst retail interest was noted in UB Finance Company , Citrus Leisure and SMB Leasing. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI and S&P SL20 gained 0.3% and 0.9% respectively, whilst recording an average daily turnover of Rs. 6.04 Bn.

The Banking sector was the top contributor to the market turnover (due to DFCC Bank, Commercial Bank and Hatton National Bank) whilst the sector index gained 0.90%. The share price of DFCC Bank increased by Rs 4.50 (2.88%) to close at Rs 160.75. The share price of Commercial Bank gained Rs 5.25 (2.39%) to close at Rs 225.00. The share price of Hatton National Bank moved up by Rs 0.75 (0.18%) to close at Rs 420.00.

Capital Goods sector was the second highest contributor to the market turnover (due to Sierra Cables and ACL Cables) whilst the sector index decreased by 0.52%. The share price of Sierra Cables recorded a gain of Rs 0.20 (0.54%) to close at Rs 37.10. The share price of ACL Cables appreciated by Rs 1.00 (0.98%) to close at Rs 103.00.