Indices gain for the 3rd consecutive week
The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, LB Finance and Lolcholdings with the turnover crossing Rs 3.6 Bn. A similarbehaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings and Dipped Products. Mixed interest was observed in Expolanka Holdings, Browns Investments, whilst retail interest was noted in Haycarb, Royal Ceramics. Furthermore, foreigners closed as net sellers mainly due to foreign selling in John Keells Holdings.
During the week, the ASPI and the S&P SL20 gained 3.68% and 5.33% respectively, whilst recording an average daily turnover of Rs 3.45 Bn.
Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Hayleys) whilst the sector index gained 1.36%. The share price of John Keells Holdings gained Rs 2.25 (1.52%) closing at
Rs 150.75 whilst foreign holdings decreased by 3,047,254 shares. The share price of Hayleys moved up by Rs 2.00 (2.71%) to close at Rs 75.90.
Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index increased by 0.36%. The share price of Browns Investments increased by Rs 0.10 (1.69%) to close at Rs 6.00.
Dipped Products and Expolanka Holdings were also included amongst the top turnover contributors. The share price of Dipped Products recorded a loss of Rs 0.60 (1.06%) to close at Rs 56.20. The share price of Expolanka Holdings appreciated by Rs 0.50 (1.02%) to close at Rs 49.70.