Turnover hits a 6 week low

The ASPI edged up as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Commercial Bank with the turnover crossing Rs 151 Mn. Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was witnessed in John Keells Holdings and Teejay Lanka. Furthermore, foreigners remained active closing as net sellers mainly due to foreign selling in John Keells Holdings. Total foreign sales accounted for 50.0% of the turnover.

Diversified sector was the top contributor to the market turnover (due to John Keells Holdings) whilst the sector index gained 0.36%. The share price of John Keells Holdings increased by Rs 1.70 (1.31%) closing at Rs 131.00 whilst foreign holdings decreased by 399,740 shares.

Banks, Finance and Insurance sector was the second highest contributor to the market turnover (due to Sampath Bank) whilst the sector index edged up by 0.11%. The share price of Sampath Bank moved up by Rs 4.80 (2.18%) to close at Rs 224.80.

Teejay Lanka, Access Engineering and Renuka City Hotel were also included amongst the top turnover contributors. The share price of Teejay Lanka closed flat at Rs 30.00. The share price of Access Engineering recorded a gain of Rs 0.10 (0.72%) to close at Rs 14.00. The share price of Renuka City Hotel declined by Rs 2.00 (0.89%) to close at Rs 223.00.