Sunday Dec 22, 2024
Sunday Dec 22, 2024
Wednesday, 11 December 2024 00:10 - - {{hitsCtrl.values.hits}}
The Colombo stock market sustained its bullish run further yesterday amidst active investor participation.
The benchmark ASPI gained by 0.4% and the active S&P SL20 by 0.5%. Turnover was robust at Rs. 4.2 billion involving 235.4 million shares.
Top contributors to turnover were LOLC Holdings (Rs. 411 million), JKH (Rs. 239 million), Browns Investments (Rs. 208 million), Hemas Holdings (Rs. 185.6 million) and Seylan Bank X (Rs. 172 million).
NDB Securities said the ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Browns Investments and John Keells Holdings.
High net worth and institutional investor participation was noted in Asia Asset Finance, Ambeon Capital and John Keells Holdings. Mixed interest was observed in LOLC Holdings, Browns Investments and John Keells Holdings whilst retail interest was noted in Waskaduwa Beach Resort, Co-Operative Insurance Company and Renuka Agri Foods.
Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.
The Diversified Financials sector was the top contributor to the market turnover (due to LOLC Holdings) whilst the sector index gained 3.44%. The share price of LOLC Holdings increased by Rs. 37 to Rs. 513.75.
The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index increased by 0.66%. The share price of John Keells Holdings gained 20 cents to Rs. 21. The share price of Hemas Holdings recorded a gain of 70 cents to Rs. 91.80.
Browns Investments and Seylan Bank nonvoting were also included amongst the top turnover contributors. The share price of Browns Investments moved up by 40 cents to Rs. 6.40. The share price of Seylan Bank nonvoting appreciated by Rs. 1.30 to Rs. 45.20.
