Colombo equities demonstrated negative investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,250.57 points, losing 18.04 points or -0.30%.
This was mainly due to price losses in counters such as CTC.N (LKR850, -1.16%), CCS.N (LKR765.60, -1.85%), COMB.N (LKR143.60, -0.97%), OSEA.N (LKR20, -5.21%) & PDL.N (LKR71.10, -16.25%). The Blue Chip Index S&P SL20 also declined by 9.38 points or-0.3% to close at 4,855.96.
Foreigners took the position of net buyers for the day, recording a net foreign inflow of LKR 66mn for the day.
NEST.N recorded the highest turnover for the day of LKR77.08mn, followed by HHL.N (LKR51.2mn) and JKH.N (LKR29.6mn).
The day saw turnover decrease by 86% to LKR 261mn compared to the last trading day.
Diversified Holdings Sector managed to record the highest turnover of LKR89.82mn for the day, followed by the Beverage Food and Tobacco Sector and Banking, Finance and Insurance Sector with daily turnovers of LKR80.37mn and LKR30.92mn respectively. Year to date ASPI Performance stood at -9%, while Year to date Blue Chip Index decreased -2.4%.
Out of the 170 counters traded today, 72 companies declined while 29 companies closed higher.
Sri Lankan Prime Minister Ranil Wickremesinghe has ordered a reversal and a probe into the 1.3 billion rupees ($8.7 million) Seylan Bank foreign deal as it failed to follow proper procedure, the country’s finance minister said on Monday. On Friday, 13 million shares or 7 percent stake in Seylan Bank owned by state-run Bank of Ceylon were sold to a foreign fund at 100 rupees each, a 17.6 percent premium to the stock’s closing price that day, through JB Securities (Foreign Media)
Asian shares steadied in early trade on Monday after China agreed to return a U.S. drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. (SC Securities)
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