Indices bounce back

The ASPI edged up as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Melstacorp with the turnover crossing Rs. 1.2 Bn.

Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was noted in John Keells Holdings, Hatton National Bank and Access Engineering. Mixed interest was observed in Browns Investments, Hemas Holdings and Commercial Bank whilst retail interest was noted in SMB Leasing, Industrial Asphalts and Waskaduwa Beach Resort.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index lost 0.37%. The share price of John Keells Holdings decreased by Rs 0.10 (0.50%) to close at Rs 20.10. The share price of Hemas Holdings recorded a loss of Rs 2.50 (2.13%) to close at Rs 115.00.

The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank and Commercial Bank) whilst the sector index increased by 1.08%. The share price of Hatton National Bank gained Rs 3.75 (1.25%) to close at Rs 303.75. The share price of Commercial Bank appreciated by Rs 2.50 (1.83%) to close at Rs 138.75.

Browns Investments was also included amongst the top turnover contributors. The share price of Browns Investments moved down by Rs 0.20 (2.74%) to close at Rs 7.10.