ASPI gains 2.5% during the week

Indices closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs 4.1 Bn. Crossings were witnessed in Nations Trust Bank, John Keells Holdings, Dialog Axiata, Teejay Lanka and Lankem Ceylon, accounting for 41.6% of the turnover. Mixed interest was observed in Aitken Spence, Expolanka Holdings and Lanka IOC whilst retail interest was noted in Softlogic Capital, Browns

Investments and LOLC Finance. Furthermore, foreigners closed as net buyers.

During the week the ASPI and the S&P SL20 gained 2.5% and 1.7% respectively whilst recording an average daily turnover of Rs. 2.18 Bn.

The Banking sector was the top contributor to the market turnover (due to Nations Trust Bank) whilst the sector index gained 5.07%. The share price of Nations Trust Bank increased by Rs 1.60 (2.99%) to close at Rs 55.20.

Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Aitken Spence) whilst the sector index increased by 1.18%. The share price of John Keells Holdings gained Rs 1.25 (0.87%) to close at Rs 144.75. The share price of Aitken Spence recorded a gain of Rs 5.00 (3.45%) to close at Rs 150.00.

Teejay Lanka and Softlogic Capital were also included among the top turnover contributors. The share price of Teejay Lanka moved up by Rs 3.40 (9.32%) to close at Rs 39.90. The share price of Softlogic Capital appreciated by Rs 0.70 (4.32%) to close at Rs 16.90.