Indices continue to close in green

25 July 2024 12:14 am Views - 61

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs 591 Mn. High net worth and institutional investor participation were noted in Hatton National Bank voting, Teejay Lanka and John Keells Holdings. Mixed interest was observed in Access Engineering, Commercial Credit & Finance rights and Hatton National Bank nonvoting whilst retail interest was noted in Browns Investments, LOLC Finance and Softlogic Holdings. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank voting, Hatton National Bank nonvoting and National Development Bank) whilst the sector index gained 1.59%. The share price of Hatton National Bank gained Rs 3.25 (1.73%) to close at Rs 191.25. The share price of Hatton National Bank nonvoting recorded a gain of Rs 1.00 (0.67%) to close at Rs 149.75. The share price of the National Development Bank appreciated by Rs 2.00 (2.82%) to close at Rs 73.00.
The capital Goods sector was the second highest contributor to the market turnover (due to Access Engineering) whilst the sector index increased by 1.14%. The share price of Access Engineering increased by Rs 0.10 (0.45%) to close at Rs 22.40.
Commercial Credit & Finance was also included amongst the top turnover contributors. The share price of Commercial Credit & Finance moved up by Rs 1.30 (3.42%) to close at Rs 39.30.