Indices end in the green

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Sri Lanka Telecom and Softlogic Holdings with the turnover crossing Rs. 7.0 bn.

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Lanka Orix Finance, Teejay Lanka and Browns Investments.

Mixed interest was observed in Expolanka Holdings, Softlogic Life Insurance and LOLC Holdings whilst retail interest was noted in SMB Leasing voting and non voting and Kotagala Plantations.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. During the week, the ASPI gained 0.43% and the S&P SL20 remained flat, whilst recording an average daily turnover of Rs. 7.90 bn.

Capital Goods sector was the top contributor to the market turnover whilst the sector index gained 2.23%. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index decreased by 0.56%.

The share price of Browns Investments increased by Rs 0.10 (0.59%) to close at Rs. 17.00. Expolanka Holdings, Lanka

Orix Finance, Softlogic Life Insurance and LOLC Holdings were also included amongst the top turnover contributors.

The share price of Expolanka Holdings gained Rs. 6.00 (1.58%) to close at Rs. 384.75. The share price of Lanka Orix Finance moved down by Rs. 0.20 (0.70%) to close at Rs. 28.50.

The share price of Softlogic Life Insurance recorded a gain of Rs. 10.40 (10.49%) to close at Rs. 109.50. The share price of LOLC Holdings appreciated by Rs. 73.75 (5.66%) to close at Rs. 1,376.25.