The All Share Price Index (ASPI) gained 0.44% yesterday to end the week on a positive note, helped by LOLC Holdings, Distilleries and C.T. Holding with turnover crossing Rs. 3.6 billion, NDB Securities said.
A similar behaviour was witnessed in the S&P SL20. High-net-worth and institutional investor participation remained subdued for the day whilst mixed interest was observed in Expolanka Holdings, Vallibel Power Erathna, and Kelani Tyres.
Retail interest was noted in Tokyo Cement Company voting and non-voting and Piramal Glass. Foreign participation in the market remained at subdued levels, with foreigners closing as net buyers. During the week, the ASPI and S&P SL20 gained 2.54% and 0.93%, respectively, while recording an average daily turnover of Rs. 4.3 billion.
The Materials sector was the top contributor to the market turnover (due to Tokyo Cement Company voting and non-voting), whilst the sector index gained 0.90%. The share price of Tokyo Cement Company non- voting recorded a gain of Rs. 2 (3.65%) to close at Rs. 56.80, while the share price of Tokyo Cement Company appreciated by Rs. 2 (3.09%) to close at Rs. 66.80.
The Transportation sector was the second highest contributor to the market turnover (due to Expolanka Holdings), whilst the sector index increased by 4.45%. The share price of Expolanka Holdings increased by Rs. 0.80 (4.47%) to close at Rs. 18.70.
Vallibel Power Erathna and Kelani Tyres were also included amongst the top turnover contributors. The share price of Vallibel Power Erathna gained Rs. 0.10 (1.25%) to close at Rs. 8.10, while the share price of Kelani Tyres moved up by Rs. 7.20 (8.41%) to close at Rs. 92.80.
(FT)