ASPI loses 1.6% during the week

17 May 2024 09:45 pm Views - 80

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Dipped Products and John Keells Holdings with the turnover crossing Rs. 1.2 bn.

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Amana Bank, Hayleys Fabric and DFCC Bank. 

Mixed interest was observed in Janashakthi Insurance, Dipped Products and Haycarb whilst retail interest was noted in Co-Operative Insurance Company, Browns Investments and Blue Diamonds Jewellery Worldwide. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. During the week the ASPI and the S&P SL20 lost 1.6% and 2.5% respectively whilst recording an average daily turnover of Rs. 2.20 bn. 

Materials sector was the top contributor to the market turnover (due to Dipped Products and Haycarb) whilst the sector index gained 1.83%. The share price of Dipped Products gained Rs. 3.10 (10.20%) to close at Rs. 33.50. 

The share price of Haycarb moved up by Rs. 2.10 (2.76%) to close at Rs. 78.10. The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank) whilst the sector index decreased by 0.22%. The share price of Hatton National Bank closed flat at Rs. 195.00. Janashakthi Insurance Company and Lanka IOC were also included amongst the top turnover contributors. 

The share price of Janashakthi Insurance Company decreased by Rs. 0.30 (0.56%) to close at Rs. 53.00. The share price of Lanka IOC appreciated by Rs, 1.50 (1.15%) to close at Rs. 132.50.