Janashakthi Limited's (JXG) first day of trading on the Main Board of the Colombo Stock Exchange yesterday (29) saw its positive performance drive the All Share Price Index (ASPI) up by 14.51 points, the CSE's daily market report shows.

JXG's stocks closed at Rs. 13.70 at the end of the day – a 37% gain over its Initial Public Offering (IPO) price of Rs. 10.00 – recording a total turnover of Rs. 1,787.71 million, approximately 15 times higher than the second-highest turnover stock, John Keells Holdings (JKH), which recorded Rs. 114.15 million.

Total turnover for the entire Diversified Financials sector was Rs. 1,983.58 million, making JXG alone account for approximately 90% of all trading activity within the sector.

While being the most actively traded stock on the entire exchange for the day, the company traded as high as Rs. 15.50 per share and as low as Rs. 13.60, ending the trading day with a total of 2.25 billion shares listed on the exchange and foreign investors holding 30.7 million shares.

Following JXG and JKH, a notable volume contributor was ACME, which traded approximately 11.3 million shares within the trading day.

Both major indices of the CSE saw modest gains within the day, with the ASPI rising by 0.07% to close at 22,635.00, while the S&P Sri Lanka 20 Index gained 0.18% to end the day at 6,241.01.

Total market turnover for the day was Rs. 4.19 billion, generated from 214.4 million shares traded across 44,865 transactions.

Foreign investor activity resulted in a net outflow of Rs. 332.5 million, with foreign purchases of Rs. 141.7 million being significantly outweighed by foreign sales of Rs. 474.2 million.