ASPI records the highest monthly gain since 2012

The ASPI closed in red as a result of price losses in counters such as Carson Cumberbatch, Bukit Darah and John Keells Holdings with the turnover crossing Rs 2.0 Bn. A similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in DFCC Bank, Expolanka Holdings and Commercial Bank.

Mixed interest was observed in Hayleys Fabric, Tokyo Cement Company and Hemas Holdings, whilst retail interest was noted in Ceylon Grain Elevators, Royal Ceramics and Kelani Tyres. Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

During the month, the ASPI and S&P SL20 gained 12.30% and 4.39% respectively, while recording an average daily turnover of Rs 2.4 Bn.

The Banking sector was the top contributor to the market turnover (due to Sampath Bank, DFCC Bank and Commercial Bank), whilst the sector index lost 0.21%. The share price of Sampath Bank moved down by Rs 2.40 (1.79%) to close at Rs 132.00. Furthermore, the share price of DFCC Bank recorded a loss of Rs 0.20 (0.29%) to close at Rs 69.90, whilst the share price of Commercial Bank declined by Rs 0.10 (0.12%) to close at Rs 79.90.

Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings), whilst the sector index increased by 5.47%. The share price of Expolanka Holdings increased by Rs 0.60 (5.50%) to close at Rs 11.50.

Hayleys Fabric was also included amongst the top turnover contributors. The share price of Hayleys Fabric gained Rs 1.10 (4.42%) to close at Rs 26.00. Furthermore, Talawakelle Tea Estates and Haycarb announced their interim dividends of Rs 2.00 and Rs 5.00 per share respectively.