ASPI gains 1.8% during the week

17 August 2024 12:10 am Views - 50

The ASPI closed in red as a result of price losses in counters such as C T Holdings, John Keells Holdings and DFCC Bank with the turnover crossing Rs. 539 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Chevron Lubricants, Renuka Holdings. Mixed interest was observed in Sampath Bank, Kelani Tyres and John Keells Holdings whilst retail interest was noted in LVL Energy Fund, Browns Investments and Co-Operative Insurance Company. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI and the S&P SL20 gained 1.8% and 2.4% respectively, whilst recording an average weekly turnover of Rs. 740 Mn.
Capital Goods sector was the top contributor to the market turnover (due to Access Engineering and Renuka Holdings) whilst the sector index lost 0.63%. The share price of Access Engineering increased by Rs. 0.30 (1.36%) to close at Rs. 22.30. The share price of Renuka Holdings moved up by Rs. 0.10 (0.78%) to close at Rs. 13.00.
Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Melstacorp) whilst the sector index decreased by 0.35%. The share price of Melstacorp gained Rs. 0.90 (1.11%) to close at Rs. 82.00.
Chevron Lubricants and Sampath Bank were also included amongst the top turnover contributors. The share price of Chevron Lubricants recorded a gain of Rs. 1.00 (0.83%) to close at Rs. 121.00. The share price of Sampath Bank closed flat at Rs. 77.20.