Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as LB Finance, National Development Bank and Aitken Spence with the turnover crossing Rs. 1.5bn. 

Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Hemas Holdings, National Development Bank and Pan Asia Banking Corporation. 

Mixed interest was observed in Hayleys Fibre, Panasian Power and John Keells Holdings whilst retail interest was noted in Madulsima Plantations, Lanka Credit and Business Finance and Ceylon Land & Equity. 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 Hemas Holdings and John Keells Holdings) whilst the sector index gained 0.22%. The share price of Hemas Holdings increased by Rs. 0.10 (0.31%) to close at Rs. 32.50. The share price of John Keells Holdings closed flat at Rs. 20.20. 

The Banking sector was the second highest contributor to the market turnover (due to National Development Bank) whilst the sector index increased by 0.13%. The share price of National Development Bank gained Rs. 1.50 (1.36%) to close at Rs. 111.50. Hayleys Fibre and Panasian Power were also included amongst the top turnover contributors. 

The share price of Hayleys Fibre moved up by Rs. 9.75 (6.49%) to close at Rs. 160.00. The share price of Panasian Power recorded a loss of Rs. 0.40 (2.44%) to close at Rs. 16.00.