Week begins in green

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Carson Cumberbatch and ACL Cables with the turnover crossing Rs. 5.7 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank, ACL Cables and Cargills.
Mixed interest was observed in Prime Lands Residencies, Laugfs Gas and Renuka Agri Foods whilst retail interest was noted in Browns Investments, Hela Apparel Holdings and LVL Energy Fund. 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 ACL Cables) whilst the sector index gained 0.47%. The share price of ACL Cables increased by Rs 4.65 (4.69%) to close at Rs 103.75.
Materials sector was the second highest contributor to the market turnover (due to Dipped Products) whilst the sector index increased by 0.50%. The share price of Dipped Products appreciated by Rs 0.10 (0.16%) to close at Rs 64.50.
Commercial Bank, Prime Lands Residencies and Laugfs Gas were also included amongst the top turnover contributors.
The share price of Commercial Bank gained Rs 4.25 (2.09%) to close at Rs 207.25. The share price of Prime Lands Residencies moved up by Rs 1.10 (3.21%) to close at Rs 35.40. The share price of Laugfs Gas recorded a gain of Rs 1.70 (2.27%) to close at Rs 76.50.