Indices close on a positive note

The ASPI edged up as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Lion Brewery with the turnover crossing Rs. 2.7 Bn.

Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was noted in John Keells Holdings, CIC Holdings and Sampath Bank. Mixed interest was observed in R I L Property, Commercial Bank and Lanka Milk Foods whilst retail interest was noted in SMB Leasing nonvoting, Softlogic Capital and LOLC Finance.

Furthermore, foreigners closed as net sellers. Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings) whilst the sector index gained 0.64%. The share price of John Keells Holdings increased by Rs. 0.20 (0.98%) to close at Rs. 20.70.

The Banking sector was the second highest contributor to the market turnover (due to Commercial Bank and Sampath Bank) whilst the sector index increased by 0.16%. The share price of Commercial Bank moved up by Rs. 1.00 (0.82%) to close at Rs. 123.25. The share price of Sampath Bank recorded a loss of Rs. 0.30 (0.32%) to close at Rs. 94.70.

R I L Property and Lanka Milk Foods were also included amongst the top turnover contributors. The share price of R I L Property gained Rs. 0.90 (9.68%) to close at Rs. 10.20. The share price of Lanka Milk Foods appreciated by Rs. 1.10 (3.44%) to close at Rs. 33.10.