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Indices managed to close higher helped by gains on Sri Lanka Telecom, Distilleries and few banking sector counters. Profit taking was evident on John Keells Holdings which has consistently gained ground during the past few weeks. Retail interest was seen picking up today as accumulation was seen on many mid-capped counters.
ASI gained 14.28 points (0.25%) to close at 5,746.49 and the S&P SL20 index gained 12.34 points (0.40%) to close at 3,133.87. Turnover was Rs. 454.2Mn.
Top contributors to turnover were John Keells Holdings with Rs. 79.3Mn, Distilleries with Rs. 56.3Mn and Commercial Bank with Rs. 33.6Mn. Most active counters for the day were Environment Resource Investments, Distilleries and Environment Resource Investments warrant-6.
Notable gainers for the day were Hayleys Exports up by 8.6% to close at Rs. 34.00, Lanka Milk Foods up by 8.0% to close at Rs. 100.00 and Panasian Power up by 3.5% to close at Rs. 3.00. Notable losers for the day were Dipped Products down by 3.7% to close at Rs. 105.00, Central Industries down by 2.1% to close at Rs. 67.00 and Royal Ceramics down by 1.9% to close at Rs. 96.10.
Cash map for today was 56.15% which is slight drop from yesterday. Foreign participation was 30% of total market turnover whilst net foreign selling was Rs. 14Mn.