Week ends in green

19 October 2024 01:55 am Views - 19

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Central Finance Company and Hatton National Bank with the turnover crossing Rs. 1.9 Bn. A similar behaviour was witnessed in the S&P SL20.
High net worth and institutional investor participation was noted in LB Finance, Dialog Axiata and Janashakthi Insurance Company. Mixed interest was observed in Digital Mobility Solutions Lanka, Hatton National Bank and Chevron Lubricants whilst retail interest was noted in SMB Leasing, Browns Investments and Lankem Developments. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.
During the week, the ASPI gained 0.2% and S&P SL 20 lost 0.5%, whilst recording an average daily turnover of Rs. 1.75 Bn.
Diversified Financials sector was the top contributor to the market turnover (due to LB Finance) whilst the sector index gained 1.94%. The share price of LB Finance increased by Rs. 2.90 (4.11%) to close at Rs. 73.50.
Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Lankem Developments) whilst the sector index increased by 0.22%. The share price of Lankem Developments recorded a gain of Rs. 1.50 (7.94%) to close at Rs. 20.40.
Dialog Axiata, Digital Mobility Solutions Lanka and Hatton National Bank were also included amongst the top turnover contributors. The share price of Dialog Axiata gained Rs. 0.20 (1.87%) to close at Rs. 10.90. The share price of Digital Mobility Solutions Lanka moved up by Rs. 1.90 (4.52%) to close at Rs. 43.90. The share price of Hatton National Bank appreciated by Rs. 1.50 (0.70%) to close at Rs. 214.50.