Indices continue the positive momentum

25 April 2024 12:00 am Views - 128

The ASPI closed in green as a result of price gains in counters such as Browns Investments, Hayleys and LOLC Holdings with the turnover crossing Rs 2.5 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sampath Bank, John Keells Holdings, and The Colombo Fort Land & Building. Mixed interest was observed in Browns Investments, LOLC Finance and Capital Alliance whilst retail interest was noted in Amana Bank, Agstar and SMB Leasing. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Browns Investments) whilst the sector index gained 1.27%. The share price of Browns Investments increased by Rs 0.50 (8.77%) to close at Rs 6.20.
Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Finance and Capital Alliance) whilst the sector index increased by 1.37%. The share price of LOLC Finance gained Rs 0.40 (5.71%) to close at Rs 7.40. The share price of Capital Alliance moved down by Rs 2.40 (3.77%) to close at Rs 61.30.
CIC Holdings and Central Industries were also included amongst the top turnover contributors. The share price of CIC Holdings recorded a gain of Rs 2.10 (2.83%) to close at Rs 76.20. The share price of Central Industries appreciated by Rs 12.25 (10.06%) to close at Rs 134.00.