ASPI gains 9.1% during the month

1 October 2024 12:31 am Views - 86

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank andNational Development Bank with the turnover crossing Rs. 2.6 Bn. High net worth and institutional investor participation was noted in United Motors Lanka, Hatton National Bank, Tokyo Cement Company. Mixed interest was observed in John Keells Holdings, Hayleys Fabric and Dipped Products whilst retail interest was noted in SMB Leasing, Industrial Asphalts and Cable Solutions. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

During the month, the ASPI and the S&P SL 20 gained 9.1% and 12.9% respectively, whilst recording an average daily turnover of Rs. 1.65 Bn.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank) whilst the sector index gained 1.06%. The share price of Hatton National Bank increased by Rs. 1.00 (0.49%) to close at Rs. 204.75.

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 2.27%. The share price of John Keells Holdings moved up by Rs. 6.50 (3.76%) to close at Rs. 179.25. United Motors Lanka, Hayleys Fabric and Dipped Products were also included amongst the top turnover contributors. The share price of United Motors Lanka lost Rs. 13.20 (20.12%) to close at Rs. 52.40. The share price of Hayleys Fabric recorded a gain of Rs. 1.50 (2.94%) to close at Rs. 52.50. The share price of Dipped Products appreciated by Rs. 0.20 (0.53%) to close at Rs. 37.80.