Indices recover to close in the green

Indices closed in green as a result of price gains in counters such as LOLC Holdings, Expolanka Holdings and Royal Ceramics with the turnover crossing Rs. 3.5 bn.

High net worth and institutional investor participation was noted in LOLC Holdings, Sunshine Holdings and ACL Cables. Mixed interest was observed in Expolanka Holdings, Vallibel One and Softlogic Life Insurance whilst retail interest was noted in SMB Leasing nonvoting, Browns Investments and Renuka Agri Foods.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. Capital Goods sector was the top contributor to the market turnover (due to Vallibel One) whilst the sector index gained 1.24%.

The share price of Vallibel One moved up by Rs. 1.80 (%) to close at Rs. 77.60. Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index increased by 1.27%.

The share price of Browns Investments gained Rs. 0.30 (%) to close at Rs. 14.30. Expolanka Holdings, Softlogic Life Insurance and

LOLC Holdings were also included amongst the top turnover contributors.

The share price of Expolanka Holdings increased by Rs. 9.00 (%) to close at Rs. 318.00. The share price of Softlogic Life Insurance recorded a loss of Rs. 12.25 (%) to close at Rs. 150.50.

The share price of LOLC Holdings appreciated by Rs. 54.50 (%) to close at Rs. 1,099.25.

Furthermore, Vallibel Power Erathna announced an interim dividend of Rs. 0.35 per share.