Week commences in green

The ASPI closed in green as a result of price gains in counters such as Richard Pieris & Company, Lanka IOC and Expolanka Holdings with the turnover crossing Rs 1.6 Bn. Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Richard Pieris & Company and John Keells Holdings. Mixed interest was observed in Expolanka Holdings, Lanka IOC and First Capital Holdings whilst retail interest was noted in Browns Investments, First Capital Treasuries and SMB Leasing nonvoting. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

Diversified Financials sector was the top contributor to the market turnover (due to First Capital Treasuries and First Capital Holdings) whilst the sector index gained 1.35%. The share price of First Capital Treasuries moved up by Rs 4.40 (18.72%) to close at Rs 27.90. The share price of First Capital Holdings recorded a gain of Rs 5.80 (20.42%) to close at Rs 34.20.

Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings) whilst the sector index increased by 1.47%. The share price of Expolanka Holdings increased by Rs 3.00 (1.48%) to close at Rs 206.25.
Lanka IOC and Browns Investments were also included amongst the top turnover contributors. The share price of Lanka IOC gained Rs 6.00 (2.74%) to close at Rs 225.25. The share price of Browns Investments closed flat at Rs 8.10.