Monday, February 20, 2017

Equities demonstrate negative sentiment

Colombo equities demonstrated negative investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,139.51 points, losing 20.36points or -0.3%. This was mainly due to price losses in counters such as CTC.N(LKR815,-1.83%), JKH.N (LKR145.20,-1.22%), RICH.N (LKR8.10,-7.95%), CARG.N (LKR195,-2.50%) & LOLC.N (LKR62.90,-2.93%). The Blue Chip Index S&P SL20 decreased by 5.56points or -0.2% to close at 3,538.07.

Foreigners took the position of net sellers for the day, recording a net foreign outflow of LKR 35mn for the day. CSEC.N recorded the highest turnover for the day of LKR264mn, followed by CARG.N (LKR129.6mn) and HNB.N(LKR92.2). The day saw turnover increase by 121.3% to LKR 729mn compared to the last trading day.

Beverage Food and Tobacco Sector managed to record the highest turnover of LKR 171.8mn for the day, followed by Construction and Engineering Sector and Diversified Holdings Sector with daily turnovers of LKR 158.4mn and LKR 103.5mn respectively.

Year to date ASPI Performance stood at -1.4%, while Year to date Blue Chip Index increased by 1.2%. (SC Securities)

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