ASPI gains 1.54% for the week

The ASPI closed in green as a result of price gains in counters such as Browns Investments, Dialog Axiata and Carson Cumberbatch with the turnover crossing Rs. 871 Mn.

Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Sigiriya Village Hotel.

Mixed interest was observed in John Keells Holdings, Hatton National Bank and Royal Ceramics, whilst retail interest was noted in The Colombo Fort Land & Building, Browns Investments and Tokyo Cement Company non voting.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. During the week, the ASPI and S&P SL20 gained 1.54% and 0.39% respectively, whilst recording an average daily turnover of LKR 893 Mn. Capital Goods sector was the top contributor to the market turnover (due to The Colombo Fort Land & Building and John Keells Holdings) whilst the sector index gained 1.01%.

The share price of The Colombo Fort Land & Building gained Rs 1.90 (22.62%) to close at Rs 10.30 while the share price of John Keells Holdings appreciated by Rs 0.50 (0.45%) to close at Rs. 112.00.

The Banking sector was the second highest contributor to the market turnover whilst the sector index increased by 0.17%. Sigiriya Village Hotels, LOLC Holdings and Tokyo Cement Company non voting were also included amongst the top turnover contributors.

The share price of Sigiriya Village Hotels decreased by Rs 0.10 (0.35%) to close at Rs. 28.80 while the share price of LOLC Holdings edged down by Rs 0.10 (0.08%) to close at Rs 124.40.

Furthermore, the share price of Tokyo Cement Company non voting recorded a gain of Rs. 0.90 (3.02%), closing at Rs 30.70 whilst foreign holdings decreased by 802,000 shares.

Furthermore, Swadeshi Industrial Works and Bansei Royal Resorts Hikkaduwa announced their first and final dividends of Rs. 1.00 and Rs. 0.05 per share respectively.