Monday, January 2, 2017

Diversified Holdings records highest turnover

Colombo equities demonstrated negative investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,192.87 points, losing 35.39 points or -0.6%. This was mainly due to price losses in counters such as JKH.N (LKR140, -3.45%), TRAN.N (LKR82.60, -12.13%), SLTL.N (LKR35, -2.78%), MELS.N (LKR58, -2.19%) & COMB.N (LKR143.30,-1.17%).

The Blue Chip Index S&P SL20 also declined by 23.94 points or -0.7% to close at 3,472.50.Foreigners took the position of net sellers for the day, recording a net foreign outflow of LKR 26mn for the day.JKH.N recorded the highest turnover for the day of LKR 222.4mn, followed by HHL.N (LKR48.8mn) and LLUB.N (LKR4.7mn).

The day saw turnover increase by 62.9% to LKR 329mn compared to the last trading day. Diversified Holdings Sector managed to record the highest turnover of LKR 275.9mn for the day, followed by the Manufacturing Sector and Bank Finance and Insurance Sector with daily turnovers of LKR 21.8mn and LKR 13.4mn respectively. Year to date ASPI Performance stood at -9.8%, while Year to date Blue Chip Index decreased -3.5%.Out of the 178 counters traded yesterday, 62 companies declined while 42 companies closed higher.

(SC Securities) 

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