ASPI crosses the 12,000 mark

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 2.9 bn.

High net worth and institutional investor participation was noted in Pan Asia Banking Corporation, Commercial Bank and Melstacorp.

Mixed interest was observed in Browns Investments, LOLC Finance and Singer Sri Lanka whilst retail interest was noted in Amana Bank, Beruwala Resorts and Renuka Agri Foods.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Banking sector was the top contributor to the market turnover (due to Commercial Bank and Pan Asia Banking Corporation) whilst the sector index gained 3.48%.

The share price of Commercial Bank increased by Rs. 4.00 (3.77%) to close at Rs. 110.00. The share price of Pan Asia Banking Corporation recorded a gain of Rs. 1.60 (7.11%) to close at Rs. 24.10.

Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index increased by 0.47%. The share price of Browns Investments closed flat at Rs. 6.20.

LOLC Finance and Singer Sri Lanka were also included amongst the top turnover contributors. The share price of LOLC Finance moved down by Rs. 0.20 (2.70%) to close at Rs. 7.20. The share price of Singer Sri Lanka appreciated by Rs. 1.70 (9.71%) to close at Rs. 19.20.