Indices rebound after two days of losses

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Lanka IOC and John Keells Holdings with the turnover crossing Rs 2.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Dialog Axiata and Teejay Lanka.

Mixed interest was observed in Lanka IOC, Ambeon Capital and Capital Alliance whilst retail interest was noted in Browns Investments, SMB Leasing and LOLC Finance. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

The Banking sector was the top contributor to the market turnover (due to Hatton National Bank) whilst the sector index gained 0.30%. The share price of Hatton National Bank decreased by Rs 2.00 (1.02%) to close at Rs 194.00.

Diversified Financials sector was the second highest contributor to the market turnover (due to Capital Alliance) whilst the sector index increased by 0.90%. The share price of Capital Alliance appreciated by Rs 4.40 (7.46%) to close at Rs 63.40.

Dialog Axiata, Lanka IOC and Ambeon Capital were also included amongst the top turnover contributors. The share price of Dialog Axiata closed flat at Rs 11.70. The share price of Lanka IOC moved up by Rs 4.25 (3.39%) to close at Rs 129.75. The share price of Ambeon Capital recorded a gain of Rs 0.80 (6.84%) to close at Rs 12.50.