Indices close in green

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Melstacorp and Hatton National Bank with the turnover crossing Rs. 3.4 bn.

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank, Access Engineering, and Royal Ceramics. 

Mixed interest was observed in Colombo Dockyard, Bogala Graphite Lanka and Hatton National Bank nonvoting whilst retail interest was noted in Renuka Agri Foods, SMB Leasing and Co-Operative Insurance Company. 

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers. The Capital goods sector was the top contributor to the market turnover (due to Colombo Dockyard, Access Engineering and Royal Ceramics) whilst the sector index gained 1.61%. The share price of Colombo Dockyard gained Rs. 21.00 (12.23%) to close at Rs. 192.75. The share price of Access Engineering moved down by Rs. 0.30 (0.41%) to close at Rs. 72.30. 

The share price of Royal Ceramics appreciated by Rs. 0.60 (1.35%) to close at Rs. 45.00. The Banking sector was the second highest contributor to the market turnover (due to Commercial Bank) whilst the sector index increased by 1.36%. The share price of Commercial Bank increased by Rs. 2.50 (1.26%) to close at Rs. 200.75. Bogala Graphite Lanka was also included amongst the top turnover contributors. The share price of Bogala Graphite Lanka recorded a gain of Rs. 31.00 (22.71%) to close at Rs. 167.50.

Source : DailyMirror