Indices rebound after three days of losses

The ASPI closed in green as a result of price gains in counters such as Windforce, Senkadagala Finance and Diesel & Motor Engineering with the turnover crossing Rs. 5.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sampath Bank, John Keells Holdings and Ceylon Land & Equity. Mixed interest was observed in Windforce, Colombo Dockyard and Sierra Cables whilst retail interest was noted in Industrial Asphalts, Co-Operative Insurance Company and Nawaloka Hospitals.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard and John Keells Holdings) whilst the sector index lost 0.17%.

The share price of Colombo Dockyard lost Rs 32.75 (9.90%) to close at Rs 298.00. The share price of John Keells Holdings moved down by Rs 0.10 (0.48%) to close at Rs 20.80. Utilities sector was the second highest contributor to the market turnover (due to Windforce Limited) whilst the sector index increased by 9.88%. The share price of Windforce Limited increased by Rs 7.90 (17.59%) to close at Rs 52.80. Laugfs Gas and Lanka Realty Investments were also included amongst the top turnover contributors. The share price of Laugfs Gas recorded a gain of Rs 4.60 (7.43%) to close at Rs 66.50. The share price of Lanka Realty Investments appreciated by Rs 1.10 (3.16%) to close at Rs 35.90.