ASPI gains 3.3% during the week

4 January 2025 12:18 am Views - 66

Indices closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and LOLC Holdings with the turnover crossing Rs. 11.4 Bn. High net worth and institutional investor participation was noted in Hemas Holdings, Hatton National Bank and Dialog Axiata. Mixed interest was observed in Browns Investments, John Keells Holdings and Sampath Bank whilst retail interest was noted in Waskaduwa Beach Resort, Renuka Agri Foods and Beruwala Resorts. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.
During the week, the ASPI and S&P SL20 gained 3.3% and 4.2% respectively, whilst recording an average turnover of Rs. 10.59 Bn.
The Banking sector was the top contributor to the market turnover (due to Hatton National Bank and Sampath Bank) whilst the sector index lost 3.08%. The share price of Hatton National Bank moved down by Rs 5.25 (1.61%) to close at Rs 320.25. The share price of Sampath Bank recorded a loss of Rs 4.50 (3.70%) to close at Rs 117.25. Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index decreased by 0.27%. The share price of John Keells Holdings gained Rs 0.20 (0.85%) to close at Rs 23.80.
Browns Investments and LOLC Holdings were also included amongst the top turnover contributors. The share price of Browns Investments decreased by Rs 0.30 (3.70%) to close at Rs 7.80. The share price of LOLC Holdings declined by Rs 26.75 (3.74%) to close at Rs 689.25.