Both indices record 1% gain for the week

The ASPI closed in green as a result of price gains in counters such as Commercial Leasing & Finance, Sri Lanka Telecom and Distilleries with the turnover crossing Rs 638 Mn. Meanwhile, the S&P SL20 edged up.

High net worth and institutional investor participation was noted in Dialog Axiata, People’s Leasing & Finance and Ceylinco Insurance. Mixed interest was observed in Nation

Lanka Finance and Tess Agro whilst retail interest was noted in Access Engineering and Sierra Cables.

Furthermore, foreigners remained active closing as netsellers. During the week, the ASPI and the S&P SL20 gained 1.22% and 1.03% respectively whilst recording an average daily turnover of Rs 796 Mn.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to People’s Leasing & Finance, Ceylinco Insurance, Sampath Bank and Nation Lanka Finance) whilst the sector index gained 0.72%.

The share price of People’s Leasing & Finance gained Rs 0.60 (3.68%) to close at Rs 16.90. The share price of

Ceylinco Insurance closed flat at Rs 1,780.10.

The share price of Sampath Bank edged down Rs 0.10 (0.06%) to close at Rs 168.90. The share price of Nation Lanka Finance appreciated by Rs 0.30 (33.33%) to close at Rs 1.20. Telecommunications sector was the second highest contributor to the market turnover (due to Dialog Axiata) whilst the sector index increased by 1.18%. The share price of Dialog Axiata closed flat at Rs 12.10.