ASPI gains for the third consecutive day

ASPI continued its positive trajectory for the third consecutive day whilst S&P SL20 gained for the fourth consecutive day due t o price gains in counters such as John Keells Holdings, Cargills and Dialog Axiata. Turnover crossed Rs 778 Mn. High net worth and institutional investor participation was witnessed in Distilleries. Mixed interest was observed in Overseas Realty whilst retail interest was noted in Richard Pieris Exports, Swisstek and Bairaha Farms. Foreign activity in the market remained at subdued levels where foreigners closed as net buyers with a thin margin.

Manufacturing sector was the top contributor to the market turnover (due to Richard Pieris Exports and Swisstek) whilst the sector index gained 0.40%. The share price of Richard Pieris Exports recorded a gain of Rs 26.20 (9.10%) to close at Rs 314.00. The share price of Swisstek appreciated by Rs 3.60 (5.71%) to close at Rs 66.60.

Beverage, Food and Tobacco sector was the second highest contributor to the market turnover (due to Distilleries and Bairaha Farms) whilst the sector index decreased by 0.05%. The share price of Distilleries closed flat at Rs 275.00. The share price of Bairaha Farms moved down by Rs 3.10 (1.34%) to close at Rs 229.00.

Overseas Realty was also included amongst the top turnover contributors. The share price of Overseas Realty closed flat at Rs 22.00.