Positive momentum continues with turnover surpassing LKR 6 Bn

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 6.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Central Finance Company, and Sunshine Holdings. Mixed interest was observed in Colombo Dockyard, Sierra Cables and Tokyo Cement Company nonvoting whilst retail interest was noted in SMB Leasing, Waskaduwa Beach Resort and LOLC Finance. 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 John Keells Holdings, Colombo Dockyard, Sierra Cables and Access Engineering) whilst the sector index gained 2.26%. The share price of John Keells Holdings decreased by Rs 0.10 (0.48%) to close at Rs 20.90. The share price of Colombo Dockyard gained Rs 43.00 (24.71%) to close at Rs 217.00. The share price of Sierra Cables recorded a gain of Rs 0.30 (0.89%) to close at Rs 33.90. The share price of Access Engineering appreciated by Rs 3.20 (4.34%) to close at Rs 76.90. Materials sector was the second highest contributor to the market turnover (due to Tokyo Cement Company nonvoting)
whilst the sector index increased by 1.83%. The share price of Tokyo Cement Company nonvoting moved up by Rs 3.80 (4.63%) to close at Rs 85.90.