ASPI gains 2.0% during the week

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and Hatton National Bank nonvoting with the turnover crossing Rs. 2.3Bn. High net worth and institutional investor participation was noted in John Keells Holdings, Digital Mobility Solutions Lanka and Royal Ceramics. Mixed interest was observed in Commercial Bank, Hatton National Bank and Lanka Milk Foods whilst retail interest was noted in LOLC Finance, Browns Investments and Industrial Asphalts. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI and the S&P SL 20 gained 2.0% and 2.7% respectively, whilst recording an average daily turnover of Rs. 2.04 Bn.

The Banking sector was the top contributor to the market turnover (due to Commercial Bank and Hatton National Bank) whilst the sector index gained 1.43%. The share price of Commercial Bank gained Rs 2.00 (1.87%) to close at Rs 109.00. The share price of Hatton National Bank moved up by Rs 4.00 (1.87%) to close at Rs 217.75.

The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index increased by 0.13%. The share price of John Keells Holdings decreased by Rs 0.50 (0.25%) to close at Rs 197.00.

Digital Mobility Solutions Lanka and Lanka Milk Foods were also included amongst the top turnover contributors. The share price of Digital Mobility Solutions Lanka recorded a loss of Rs 0.20 (0.51%) to close at Rs 38.70. The share price of Lanka Milk Foods appreciated by Rs 0.90 (3.01%) to close at Rs 30.80.