ASPI records the 10th consecutive weekly gain

The ASPI closed in green as a result of price gains in counters such as Expolanka Holdings, Distilleries and Lanka Orix Finance with the turnover crossing Rs 6.1 Bn. A similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Cargills Ceylon and John Keells Holdings.

Mixed interest was observed in LOLC Holdings, Union Bank and Commercial Bank, whilst retail interest was noted in Browns Investments, Expolanka Holdings and Lanka Orix Finance.

Foreign participation in the market remained at subdued levels with foreigners closing as net sellers.

During the week, the ASPI and the S&P SL20 gained 5.10% and 2.53% respectively, whilst recording an average daily turnover of Rs 6.72 Bn.

Food, Beverage & Tobacco sector was the top contributor to the market turnover (due to Browns Investments), whilst the sector index edged up by 0.01%. The share price of Browns Investments decreased by Rs 0.30 (4.41%) closing at Rs 6.50

whilst foreign holdings decreased by 2,805,000 shares. Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings), whilst the sector index increased by 10.59%. The share price of Expolanka Holdings gained Rs 3.30 (10.65%) to close at Rs

34.30. Union Bank, LOLC Holdings and Cargills were also included amongst the top turnover contributors. The share price of Union Bank moved up by Rs 2.20 (16.30%) to close at Rs 15.70. Furthermore, the share price of LOLC Holdings edged

down of Rs 0.10 (0.06%) to close at Rs 155.00, whilst the share price of Cargills appreciated by Rs 9.75 (4.76%) to close at Rs 214.75.