Week begins in green

The ASPI closed in green as a result of price gains in counters such as Central Finance Company, Co-Operative Insurance Company and Harischandra Mills with the turnover crossing Rs. 7.4 bn. 

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Seylan Bank, People’s Leasing & Finance and Lanka Credit and Business Finance. 

Mixed interest was observed in Sierra Cables, Co-Operative Insurance Company and Central Finance Company whilst retail interest was noted in Industrial Asphalts, SMB Leasing and SMB Leasing nonvoting. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Banking sector was the top contributor to the market turnover (due to Seylan Bank and Hatton National Bank nonvoting) whilst the sector index gained 0.55%. The share price of Seylan Bank increased by Rs 1.00 (0.92%) to close at Rs. 109.25. 

The share price of Hatton National Bank nonvoting appreciated by Rs. 2.00 (0.64%) to close at Rs. 316.00. 

The Diversified Financials sector was the second highest contributor to the market turnover (due to Lanka Credit and Business Finance Limited) whilst the sector index increased by 1.50%. 

The share price of Lanka Credit and Business Finance Limited recorded a gain of Rs. 0.60 (5.94%) to close at Rs. 10.70. Sierra Cables and Co-Operative Insurance Company Limited were also included amongst the top turnover contributors. The share price of Sierra Cables gained Rs. 1.70 (5.99%) to close at Rs. 30.10. The share price of Co-Operative Insurance Company Limited moved up by Rs. 0.90 (18.75%) to close at Rs. 5.70.