HPL crossing accounts for 57% of turnover

The ASPI closed in green as a result of price gains in counters such as Ceylon Cold Stores, Nestle Lanka and Browns Investments with the turnover crossing Rs 421 Mn.

A similar behavior was witnessed in the S&P SL20. Crossings were witnessed in Hatton Plantations, accounting for 57.2% of the turnover. Mixed interest was observed in Chevron

Lubricants and Browns Investments whilst retail interest was noted in First Capital Holdings. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

Plantations sector was the top contributor to the market turnover (due to Hatton Plantations) whilst the sector index gained 0.72%. The share price of Hatton Plantations increased by Rs 0.50 (6.76%) to close at Rs 7.90.

Manufacturing sector was the second highest contributor to the market turnover (due to Chevron Lubricants, Tokyo Cement Company nonvoting and Richard Pieris Exports) whilst the sector index increased by 1.12%. The share price of Chevron Lubricants gained Rs 1.00 (1.35%) closing at Rs 75.00 whilst foreign holdings decreased by 423,456 shares. The share price of Tokyo Cement Company nonvoting recorded a gain of Rs 1.10 (2.76%) to close at Rs 41.00. The share price of Richard Pieris Exports appreciated by Rs 15.20 (5.53%) to close at Rs 290.20.

Browns Investments was also included amongst the top turnover contributors. The share price of Browns Investments moved up by Rs 0.20 (4.44%) to close at Rs 4.70.