ASPI gains 2.7% during the week

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and National Development Bank with the turnover crossing Rs. 1.3 Bn. High net worth and institutional investor participation was noted in Hatton National Bank and Sampath Bank. Mixed interest was observed in Commercial Bank, Nations Trust Bank and Hemas Holdings whilst retail interest was noted in LOLC Finance, Browns Investments and Dialog Axiata. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

During the week, the ASPI and the S&P SL 20 gained 2.7% and 4.1% respectively, whilst recording an average revenue of Rs. 1.19 Bn.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank, Commercial Bank, Sampath Bank and Nations Trust Bank) whilst the sector index gained 2.31%. The share price of Hatton National Bank increased by Rs. 4.50 (2.74%) to close at Rs. 168.75.

The share price of Commercial Bank gained Rs. 3.40 (4.00%) to close at Rs. 88.40. The share price of Sampath Bank moved up by Rs. 0.40 (0.55%) to close at Rs. 72.60. The share price of Nations Trust Bank recorded a gain of Rs. 1.75 (1.53%) to close at Rs. 116.00. Capital Goods sector was the second highest contributor to the market turnover (due to Hemas Holdings) whilst the sector index increased by 0.61%. The share price of Hemas Holdings declined by Rs. 0.30 (0.41%) to close at Rs. 72.50.