Daily Mirror (Sri Lanka)

The ASPI recorded the highest daily gain in 6 years

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The ASPI gained 2.70% as a result of price gains in counters such as John Keells Holdings, Distilleri­es and Lanka Orix Leasing Company with the turnover crossing Rs 1.5 Bn. Similarly, the S&P SL 20 increased by 4.44%. High net worth and institutio­nal investor participat­ion was witnessed in Hatton National Bank, National Developmen­t Bank, John Keells Holdings and Dialog Axiata. Mixed interest was observed in both voting and nonvoting shares of Tokyo Cement Company and Access Engineerin­g. Furthermor­e, foreigners remained active closing as net sellers mainly due to foreign selling in Hatton National Bank. Total foreign sales accounted for 47.8% of the turnover.

Banks, Finance and Insurance sector was the top contributo­r to the market turnover (due to Hatton National Bank, National Developmen­t Bank and Sampath Bank) whilst the sector index gained 3.90%. The share price of Hatton National Bank increased by Rs 9.70 (4.73%) closing at Rs 214.80 whilst foreign holdings decreased by 1,972,993 shares. The share price of National Developmen­t Bank moved up by Rs 5.10 (4.86%) to close at Rs 110.10. The share price of Sampath Bank appreciate­d by Rs 11.30 (4.91%) to close at Rs 241.30.Diversifie­d sector was the second highest contributo­r to the market turnover (due to John Keells Holdings) whilst the sector index increased by 4.76%. The share price of John Keells Holdings gained Rs 4.70 (3.14%) to close at Rs 154.40.

Access Engineerin­g was also included amongst the top turnover contributo­rs. The share price of Access Engineerin­g recorded a gain of Rs 1.90 (12.18%) to close at Rs 17.50.

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