ASPI gains 2% during the week

The ASPI closed in green as a result of price gains in counters such as Expolanka Holdings, LOLC Holdings and Browns Investments with the turnover crossing Rs 1.9 Bn. Similar behavior was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, John Keells Holdings, and Dialog Axiata. Mixed interest was observed in Expolanka Holdings, Softlogic Life Insurance and Hayleys whilst retail interest was noted in Browns Investments, LOLC Finance and Softlogic Capital. Furthermore, foreigners closed as net sellers.

During the week, the ASPI and the S&P SL20 gained 2.06% and 3.33% respectively, whilst recording an average daily turnover of Rs 2.46 Bn.

Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings) whilst the sector index gained 7.98%. The share price of Expolanka Holdings increased by Rs 16.25 (8.00%) to close at Rs 219.50.

Capital Goods sector was the second-highest contributor to the market turnover whilst the sector index increased by 0.17%.

Hatton National Bank, Browns Investments, LOLC Finance and Softlogic Life Insurance were also included among the top turnover contributors. The share price of Hatton National Bank lost Rs 0.20 (0.24%) to close at Rs 82.00. The share price of Browns Investments moved up by Rs 0.40 (5.00%) to close at Rs 8.40. The share price of LOLC Finance recorded a gain of Rs 0.20 (2.20%) to close at Rs 9.30. The share price of Softlogic Life Insurance appreciated by Rs 9.60 (16.03%) to close at Rs 69.50.