Indices close in green

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Commercial Bank. The turnover crossed Rs 717 Mn for the day. High net worth and institutional investor participation was witnessed in Sampath Bank, Amana Bank and Cargills. Mixed interest was observed in Seylan Bank and Commercial Bank whilst retail interest was noted in Orient Finance.

Furthermore, foreigners closed as net sellers mainly due to foreign selling in Cargills and Teejay Lanka.

During the week, ASPI and S&P SL20 lost 1.05% and 1.14% respectively.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Sampath Bank and Amana Bank) whilst the sector index gained 1.05%. The share price of Sampath Bank increased by Rs 13.30 (4.01%) to close at Rs 345.00. The share price of Amana Bank closed flat at Rs 3.70.

Beverage, Food and Tobacco sector was the second highest contributor to the market turnover (due to Cargills) whilst the sector index increased by 0.34%.

The share price of Cargills gained Rs 4.70 (2.39%) closing at Rs 201.00 whilst foreign holdings decreased by 486,200 shares.

John Keells Holdings and Teejay Lanka were also included amongst the top turnover contributors. The share price of John Keells Holdings recorded a gain of Rs 3.40 (2.26%) to close at Rs 154.00.

The share price of Teejay Lanka appreciated by Rs 1.60 (4.49%) closing at Rs 37.20 whilst foreign holdings decreased by 445,000shares.

Meanwhile, On’ally Holdings announced its interim dividend of Rs1.10 per share.