Gains on Sri Lanka Telecom and Nestle helped boost indices whilst retail sentiment also picked up. Turnover levels low with institutional activity on the sidelines. With treasuries holding steady, it will bring a sense of relief to equity investors.
ASI gained 26.70 points (0.46%) to close at 5,794.30 and the S&P SL20 index gained 5.74 points (0.17%) to close at 3,322.49. turnover was Rs. 309.4Mn.
Top contributors to turnover were Commercial Bank with Rs. 27.4Mn, National Development Bank with Rs. 25.5Mn and Central Finance with Rs. 23.7Mn. Most active counters for the day were East West Properties, Union Bank and Nation Lanka Finance.
Notable gainers for the day were Commercial Leasing & Finance up by 8.9% to close at Rs. 4.90, Malwatte Plantations up by 7.0% to close at Rs. 4.60 and East West Properties up by 3.6% to close at Rs. 14.50. Notable losers for the day were Union Bank down by 3.5% to close at Rs. 28.00, City Housing down by 4.1% to close at Rs. 14.00 and Renuka Holdings down by 3.9% to close at Rs. 31.70.
Cash map for today was 43.1%. Foreign participation was 10.41% of total market turnover with net foreign buying of Rs. 11.4Mn.
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