Colombo equity market started weekly operations on optimistic note where main index advanced for the second consecutive day, reflecting the positive investor sentiment. Main index inclined by 17.69 index points or 0.25% to end at 7,078.97 while 20-scrip S&P SL index gained 12.95 index points (+0.33%) to close at 3,926.96.
Price appreciations in high cap counters such as Dialog Axiata (closed at LKR 11.40, +2.7%), Commercial Bank (closed at LKR 163.00, +1.2%) and Nestle Lanka (closed at LKR 2,125.00, +1.2%) contributed positively to index performance.
Daily market turnover was LKR 731mn. Nations Trust Bank topped the turnover list with LKR 245mn underpinned by several crossings of 2.5mn shares at LKR 98.00 and turnover from the counter accounted for 34% of the total turnover.
A single crossing was recorded in John Keells Holdings (0.1mn shares at LKR 193.00) and aggregate value of crossings accounted for 37% of the total turnover. Accordingly, John Keells Holdings, City Housing and Real Estate and Access Engineering were next best contributors to the turnover with LKR 134mn, LKR 31mn and LKR 29mn respectively.