ASPI gains 3.1% during the week

Indices closed in green as a result of price gains in counters such as Sampath Bank, Commercial Bank and DFCC Bank with the turnover crossing Rs. 3.7 bn. 

High net worth and institutional investor participation was noted in Hemas Holdings, DFCC Bank and Digital Mobility Solutions Lanka. 

Mixed interest was observed in Browns Investments, Sampath Bank and Commercial Bank whilst retail interest was noted in LOLC Finance, Marawila Resorts and Waskaduwa Beach Resort. 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 SL20 gained 3.1% and 3.8% respectively, whilst recording an average turnover of Rs. 4.37 Bn. The Banking sector was the top contributor to the market turnover (due to Sampath Bank, DFCC Bank, Commercial Bank and Nations Trust Bank) whilst the sector index gained 1.62%. 

The share price of Sampath Bank gained Rs. 3.60 (3.89%) to close at Rs. 96.10. The share price of DFCC Bank moved up by Rs. 2.30 (2.96%) to close at Rs. 87.80. The share price of Commercial Bank recorded a gain of Rs. 3.25 (2.73%) to close at Rs. 122.50. 

The share price of Nations Trust Bank appreciated by Rs. 6.00 (4.16%) to close at Rs. 150.25. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index increased by 0.35%. The share price of Browns Investments increased by Rs. 0.20 (3.17%) to close at Rs. 6.50.