ASPI gains 8% during the week

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Lanka IOC and Commercial Bank with the turnover crossing Rs 4.0 Bn. Similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Expolanka Holdings, The Colombo Fort Land & Building, and John Keells Holdings. Mixed interest was observed in Lanka IOC, First Capital Holdings and Sampath Bank whilst retail interest was noted in Browns Investments, SMB Leasing and LOLC Finance. Furthermore, foreigners remained active closing as net buyers.

During the week the ASPI and the S&P SL20 gained 7.6% and 9.3% respectively whilst recording an average daily turnover of Rs. 3.16 Bn.

Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings) whilst the sector index lost 0.51%. The share price of Expolanka Holdings decreased by Rs 1.00 (0.51%) to close at Rs 194.50.

Capital Goods sector was the second highest contributor to the market turnover (due to The Colombo Fort Land & Building and John Keells Holdings) whilst the sector index edged up by 0.11%. The share price of The Colombo Fort Land & Building moved up by Rs 3.60 (12.33%) to close at Rs 32.80. The share price of John Keells Holdings recorded a gain of Rs 0.50 (0.36%) to close at Rs 140.00.

Lanka IOC and Browns Investments were also included among the top turnover contributors. The share price of Lanka IOC gained Rs 12.00 (6.16%) to close at Rs 206.75. The share price of Browns Investments closed flat at Rs 7.20.