ASPI gains 8.6% during the week

The ASPI closed in green as a result of price gains in counters such as Vallibel One, Softlogic Holdings and Asiri Hospital Holdings with the turnover crossing Rs 11.6 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Softlogic Holdings and LVL Energy Fund. Mixed interest was observed in Vallibel One, Sunshine Holdings and Expolanka Holdings, whilst retail interest was noted in Amana Bank, Industrial Asphalts and Browns Investments. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. During the week, the ASPI and the S&P SL20 gained 8.63% and 7.60% respectively, whilst recording an average daily turnover of Rs 11.42 Bn.

Capital Goods sector was the top contributor to the market turnover (due to Vallibel One), whilst the sector index gained 3.28%. The share price of Vallibel One increased by Rs 12.20 (15.29%) to close at Rs 92.00.

Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments and Sunshine Holdings), whilst the sector index increased by 0.82%. The share price of Browns Investments moved down by Rs 0.40 (2.15%) to close at Rs 18.20. The share price of Sunshine Holdings recorded a gain of Rs 1.40 (2.06%) to close at Rs 69.50.

Amana Bank and Expolanka Holdings were also included amongst the top turnover contributors. The share price of Amana Bank gained Rs 0.10 (2.38%) to close at Rs 4.30. The share price of Expolanka Holdings declined by Rs 4.25 (1.07%) to close at Rs 394.25.