Positive momentum continues

The ASPI edged up as a result of price gains in counters such as John Keells Holdings, Hayleys and Aitken Spence with the turnover crossing Rs. 1.3 bn. 

Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was noted in Ambeon Capital, Agarapatana Plantations and Swisstek. 

Mixed interest was observed in Commercial Bank, Hayleys and John Keells Holdings whilst retail interest was noted in Waskaduwa Beach Resort, Browns Investments and Industrial Asphalts. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Capital Goods sector was the top contributor to the market turnover (due to Hayleys and John Keells Holdings) whilst the sector index gained 1.98%. The share price of Hayleys gained Rs 4.50 (4.49%) to close at Rs 104.75. The share price of John Keells Holdings moved up by Rs 4.75 (2.51%) to close at Rs 193.75. 

The Banking sector was the second highest contributor to the market turnover (due to Commercial Bank and Sampath Bank) whilst the sector index decreased by 0.65%. The share price of Commercial Bank increased by Rs 0.50 (0.47%) to close at Rs 107.00. 

The share price of Sampath Bank recorded a loss of Rs 0.80 (0.96%) to close at Rs 82.20. Agarapatana Plantations was also included amongst the top turnover contributors. The share price of Agarapatana Plantations closed flat at Rs 8.20.