Indices close in green

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Expolanka Holdings and Hayleys with the turnover crossing Rs 3.4 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation remained subdued for the day. Mixed interest was observed in Expolanka Holdings, Kelani Tyres and Alumex, whilst retail interest was noted in Piramal Glass, Royal Ceramics and Pan Asia Banking Corporation. Foreign participation in the market remained at subdued levels with foreigners closing as net sellers.

Materials sector was the top contributor to the market turnover (due to Alumex and Piramal Glass), whilst the sector index gained 1.84%. The share price of Alumex moved up by Rs 0.60 (2.86%) to close at Rs 21.60. The share price of Piramal Glass recorded a loss of Rs 0.80 (9.09%) to close at Rs 8.00.

Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings), whilst the sector index increased by 7.79%. The share price of Expolanka Holdings increased by Rs 1.30 (7.83%) to close at Rs 17.90.

Kelani Tyres and Royal Ceramics were also included amongst the top turnover contributors. Furthermore, the share price of Kelani Tyres gained Rs 8.00 (10.31%) to close at Rs 85.60, whilst the share price of Royal Ceramics appreciated by Rs 8.80 (6.98%) to close at Rs 134.90.

Furthermore, Dilmah Ceylon Tea Company announced a final dividend of Rs 5.00 per share.