Daily Mirror (Sri Lanka)

ASPI gains 2.5% for the week


The ASPI edged up as a result of price gains in counters such as Hayleys, Expolanka Holdings and Browns Investment­s with the turnover crossing Rs 3.0 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutio­nal investor participat­ion was noted in Royal Ceramics and Hayleys. Mixed interest was observed in Tokyo Cement Company voting and nonvoting, and Expolanka Holdings whilst retail interest was noted in Browns Investment­s, Industrial Asphalts and Amana Bank.

Foreign participat­ion in the market activity remained at subdued levels with foreigners closing as net sellers. During the week, the ASPI and the S&P SL20 gained 2.51% and 2.08% respective­ly, whilst recording an average daily turnover of Rs 3.80 Bn. Capital Goods sector was the top contributo­r to the market turnover (due to Royal Ceramics) whilst the sector index gained 0.48%.

The share price of Royal Ceramics gained Rs 0.80 (1.71%) to close at Rs 47.60.

Materials sector was the second highest contributo­r to the market turnover (due to Tokyo Cement Company voting and nonvoting) whilst the sector index increased by 1.37%. The share price of Tokyo Cement Company nonvoting moved up by Rs 5.00 (11.63%) to close at Rs 48.00.

The share price of Tokyo Cement Company recorded a gain of Rs 4.50 (8.65%) closing at Rs 56.50. Browns Investment­s and Expolanka Holdings were also included amongst the top turnover contributo­rs. The share price of Browns Investment­s increased by Rs 0.10 (0.94%) to close at Rs 10.70. The share price of Expolanka Holdings appreciate­d by Rs 0.75 (0.39%) closing at Rs 192.75.`

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