Bullish momentum continues

The ASPI closed in green as a result of price gains in counters such as Lanka IOC, Expolanka Holdings and LOLC Holdings with the turnover crossing Rs. 1.6 bn. 
A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Lanka Tiles and Hayleys. 

Mixed interest was observed in Expolanka Holdings, Tokyo Cement Company nonvoting and Lanka IOC whilst retail interest was noted in SMB Leasing nonvoting, Marawila Resorts (rights) and Browns Investments. 
Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. Materials sector was the top contributor to the market turnover (due to Tokyo Cement Company nonvoting) whilst the sector index gained 1.68%. The share price of Tokyo Cement Company nonvoting gained Rs. 1.50 (3.23%) to close at Rs. 48.00. 

Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings) whilst the sector index increased by 3.68%. The share price of Expolanka Holdings increased by Rs. 6.00 (3.69%) to close at Rs. 168.50. Lanka IOC, John Keells Holdings and Sunshine Holdings were also included amongst the top turnover contributors. 

The share price of Lanka IOC moved up by Rs. 9.75 (5.73%) to close at Rs. 180.00. The share price of John Keells Holdings recorded a gain of Rs. 0.75 (0.54%) to close at Rs. 138.75. The share price of Sunshine Holdings appreciated by Rs. 2.30 (5.11%) to close at Rs. 47.30.