Indices close in green

The ASPI closed in green as a result of price gains in counters such as Ceylon Cold Stores, Lanka Orix Leasing Company and Softlogic Holdings with the turnover crossing Rs 325 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was seen in Hemas Holdings, HNB Assurance, Lion Brewery and National Development Bank. Retail interest was noted in Softlogic Holdings.foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Sampath Bank, HNB Assurance and National Development Bank) whilst the sector index gained 0.38%. The share price of Sampath Bank closed flat at Rs 298.50. The share price of HNB Assurance gained Rs 6.90 (7.41%) to close at Rs 100.00. The share price of National Development Bank declined by Rs 0.40 (0.29%) to close at Rs 135.20.

Diversified sector was the second highest contributor to the market turnover (due to Hemas Holdings) whilst the sector index increased by 0.26%. The share price of Hemas Holdings closed flat at Rs 125.00.

Lion Brewery was also included amongst the top turnover contributors. The share price of Lion Brewery recorded a gain of Rs 4.80 (0.88%) closing at Rs 549.50.

Furthermore, Ceylon Tobacco Company announced its interim dividend of Rs 18.00 per share and Talawakelle Tea Estates announced its final dividend of Rs 2.50.