Full Stock Market

The ASPI closed in green as a result of price gains in counters such as Commercial Leasing & Finance, LOLC Holdings and Expolanka Holdings with the turnover crossing Rs 3.4 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Panasian Power (61.68% of Panasian Power shares changed hands via crossings, with RIL acquiring the controlling stake), Hatton National Bank and Teejay Lanka, accounting for 58.3% of the turnover. Mixed interest was observed in Hatton National Bank nonvoting, Expolanka Holdings and LOLC Holdings, whilst retail interest was noted in Browns Investments, Hayleys Fabric and R I L Property.

Furthermore, foreigners closed as net sellers mainly due to foreign selling in Panasian Power and Hatton National Bank.

During the week, the ASPI and the S&P SL20 gained 1.36% and 0.28% respectively, whilst recording an average daily turnover of Rs 1.76 Bn. Utilities sector was the top contributor to the market turnover (due to Panasian Power), whilst the sector index gained 0.34%.

The share price of Panasian Power decreased by Rs 0.10 (2.38%) closing at Rs 4.10, whilst foreign holdings decreased by 125,015,000 shares. The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank), whilst the sector index increased by 0.56%. The share price of Hatton National Bank gained Rs 1.25 (0.95%) closing at Rs 132.25, whilst foreign holdings decreased by 2,280,000 shares.

Expolanka Holdings, LOLC Holdings and Teejay Lanka were also included amongst the top turnover contributors. The share price of Expolanka Holdings moved up by Rs 1.10 (2.21%) to close at Rs 50.90. The share price of LOLC Holdings recorded a gain of Rs 5.25 (1.30%) to close at Rs 410.25. The share price of Teejay Lanka appreciated by Rs 1.50 (3.90%) to close at Rs 40.00.