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ASPI gains 8.0% during April

01 May 2024 - {{hitsCtrl.values.hits}}      

The ASPI closed in green as a result of price gains in counters such as Central Finance Company, Lion Brewery and Browns Investments with the turnover crossing Rs. 3.8 billion. 
Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in John Keells Holdings, Lanka IOC and Royal Ceramics. 


Mixed interest was observed in Janashakthi Insurance, Browns Investments and CIC Holdings whilst retail interest was noted in SMB Leasing Voting and Non Voting, R I L Property and LOLC Finance. 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 8.0% and 11.2% respectively whilst recording an average daily turnover of Rs. 2.72 bn. Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Royal Ceramics) whilst the sector index gained 0.61%.


 The share price of John Keells Holdings increased by Rs. 1.00 (0.48%) to close at Rs. 209.50. The share price of Royal Ceramics moved up by Rs. 0.30 (0.90%) to close at Rs. 33.60. 
Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index increased by 1.49%. 
The share price of Browns Investments appreciated by Rs. 0.20 (3.12%) to close at Rs. 6.60. Lanka IOC and Janashakthi Insurance Company were also included amongst the top turnover contributors. The share price of Lanka IOC gained Rs. 1.00 (0.76%) to close at Rs. 132.75. The share price of Janashakthi Insurance recorded a gain of Rs. 3.40 (6.83%) to close at Rs. 53.20.