Full Stock Market

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Ceylon Tobacco Company and Hatton National Bank, with the turnover crossing Rs. 932 Mn.

High net worth and institutional investor participation was noted in Sampath Bank and Commercial Bank. Mixed interest was observed in Hatton National Bank, People’s Leasing & Finance and John Keells Holdings whilst retail interest was noted in LOLC Holdings, Tokyo Cement Company and Access Engineering.

Furthermore, foreigners remained active closing as net sellers mainly due to foreign selling in Commercial Bank. Total foreign sales accounted for 48.8% of the turnover. During the week, the ASPI dropped by 0.08% as the S&P SL20 gained 0.62%, whilst recording an average daily turnover of Rs. 1.03 Bn.

The banking sector was the top contributor to the market turnover (due to Commercial Bank, Sampath Bank and Hatton National Bank) whilst the sector index gained 1.10%. The share price of Commercial Bank closed flat at Rs 74.00 whilst foreign holdings decreased by 1,508,399 shares. The share price of Sampath Bank gained Rs 1.50 (1.25%) to close at Rs 121.50 while the share price of Hatton National Bank moved up by Rs 3.20 (3.00%) to close at Rs 110.00.

Diversified financial sector was the second highest contributor to the market turnover (due to People’s Leasing & Finance) whilst the sector index increased by 0.30%.

The share price of People’s Leasing & Finance closed flat at Rs 11.50. John Keells Holdings was also included amongst the top turnover contributors. The share price of John Keells Holdings appreciated by Rs. 1.50 (1.36%) to close at Rs 111.40.