Indices close in green for the 5th consecutive day

16 August 2024 12:13 am Views - 52

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Ceylinco Insurance and Commercial Bank with the turnover crossing Rs. 776 mn.

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Melstacorp, Access Engineering, Ceylon Tobacco Company. 

Mixed interest was observed in Hatton National Bank, Lanka Milk Foods and Hayleys Fabric whilst retail interest was noted in Browns Investments, LOLC Finance and Waskaduwa Beach Resort. 

Furthermore, foreigners closed as net sellers. Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Melstacorp and Lanka Milk Foods) whilst the sector index gained 0.51%. The share price of Melstacorp increased by Rs. 0.90 (1.12%) to close at Rs. 81.10. The share price of Lanka Milk Foods moved up by Rs. 1.30 (4.96%) to close at Rs. 27.50. 

The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank) whilst the sector index increased by 1.58%. The share price of Hatton National Bank gained Rs. 2.00 (1.11%) to close at Rs. 182.00.

 Hayleys Fabric and Access Engineering were also included amongst the top turnover contributors. The share price of Hayleys Fabric recorded a gain of Rs 0.60 (1.22%) to close at Rs. 49.60. The share price of Access Engineering closed flat at Rs.22.00.