Full Stock Market
The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Commercial Leasing & Finance with the turnover crossing Rs 1.4 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Commercial Bank, Nestle Lanka, Hatton National Bank, Lion Brewery, John Keells Holdings and National Development Bank, accounting for 75.7% of the turnover. Furthermore, foreigners remained active closing as net sellers where total foreign sales accounted for 74.9% of the turnover.
During the week, the ASPI and the S&P SL20 gained 1.14% and 2.62% respectively whilst recording an average daily turnover of Rs 786 Mn. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Commercial Bank, Hatton National Bank and National Development Bank) whilst the sector index gained 2.09%. The share price of Commercial Bank increased by Rs 2.50 (2.32%) to close at Rs 110.30. The share price of Hatton National Bank gained Rs 3.30 (1.61%) to close at Rs 208.30. The share price of National Development Bank appreciated by Rs 2.90 (2.93%) to close at Rs 101.90. Beverage, Food and Tobacco sector was the second highest contributor to the market turnover (due to Nestle Lanka) whilst the sector index edged down by 0.09%. The share price of Nestle Lanka closed flat at Rs 1,625.00.
John Keells Holdings was also included amongst the top turnover contributors. The share price of John Keells Holdings recorded a gain of Rs 4.60 (3.39%) to close at Rs 140.10.