Indices recover after six sessions

The ASPI closed in green as a result of price gains in counters such as Expolanka Holdings, Lanka IOC and Ceylinco Insurance with the turnover crossing Rs 1.5 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sunshine Holdings, Commercial Bank and John Keells Holdings. Mixed interest was observed in Lanka IOC, Expolanka Holdings and Dialog Axiata whilst retail interest was noted in Sri Lanka Telecom, First Capital Treasuries and The Colombo Fort Land & Building. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. 

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Sunshine Holdings and Lankem Developments) whilst the sector index gained 3.50%. The share price of Sunshine Holdings gained Rs 1.10 (3.44%) to close at Rs 33.10. The share price of Lankem Developments recorded a gain of Rs 5.20 (21.31%) to close at Rs 29.60. 

Energy sector was the second highest contributor to the market turnover (due to Lanka IOC) whilst the sector index increased by 11.89%. The share price of Lanka IOC increased by Rs 20.50 (13.02%) to close at Rs 178.00. 
Expolanka Holdings and Ceylinco Insurance were also included amongst the top turnover contributors. The share price of Expolanka Holdings moved up by Rs 14.25 (11.45%) to close at Rs 138.75. The share price of Ceylinco Insurance appreciated by Rs 146.00 (7.47%) to close at Rs 2,100.00. 
Furthermore, Office Equipment announced a first interim cash dividend of Rs. 10 per share.