Indices continue the positive momentum

The ASPI closed in green as a result of price gains in counters such as Ceylon Beverage Holdings, Hatton National Bank and LOLC Holdings with the turnover crossing Rs 1.2 Bn. Similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation were noted in John Keells Holdings, Nations Trust Bank and National Development Bank. Mixed interest was observed in Hatton National Bank, Dipped Products and Sunshine Holdings whilst retail interest was noted in Agarapatana Plantations, UB Finance Company rights and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.
The Banking sector was the top contributor to the market turnover (Hatton National Bank, Nations Trust Bank and National Development Bank) whilst the sector index gained 1.03%. The share price of Hatton National Bank gained Rs 5.50 (2.80%) to close at Rs 201.75. The share price of Nations Trust Bank recorded a gain of Rs 0.50 (0.41%) to close at Rs 123.00. The share price of National Development Bank appreciated by Rs 1.50 (1.91%) to close at Rs 80.20.
The capital Goods sector was the second highest contributor to the market turnover (John Keells Holdings) whilst the sector index decreased by 0.16%. The share price of John Keells Holdings decreased by Rs 1.00 (0.49%) to close at Rs 203.00.
Dipped Products was also included amongst the top turnover contributors. The share price of Dipped Products moved up by Rs 0.30 (0.86%) to close at Rs 35.20. Tejay Lanka and Chevron Lubricants Lanka PLC declared their dividends of Rs. 0.75 and Rs. 4.00 respectively.