The Bourse ended the week on a positive note this week with ASPI increasing by 68.69 points (or 1.04%) to close at 6,685.64 points, while the S&P SL20 Index also increased by 26.72 points (or 1.04%) to close at 2,599.67 points.
Browns Investments was the highest contributor to the week’s turnover value, contributing LKR 3.82Bn or 27.5% of the total turnover value. Expolanka followed suit, accounting for 7.57% of turnover (value of LKR 1.05Bn) while Hayleys contributed LKR 0.93Bn to account for 6.71% of the week’s turnover. Total turnover value amounted to LKR 13.90Bn (cf. last week’s value of LKR 14.39), while daily average turnover value amounted to LKR 3.48Bn (20.79% W-o-W) compared to last week’s average of LKR 2.88Bn. Market capitalization meanwhile, increased by 1.04% W-o-W (or LKR 30.02Mn) to LKR 2,921.75 Bn cf. LKR 2,891.73 Bn last week.
Liquidity (Value & Volume)
The Food, Beverage & Tobacco Industry Group was the highest contributor to the week’s total turnover value, accounting for 32.23% (or LKR 4.48Bn) of market turnover. Industry Group’s turnover was driven primarily by Browns Investments & Melstacorp which accounted for 92.26% of the sector’s total turnover. Capital Goods Industry Group meanwhile accounted for 24.23% of the total turnover value while Material Industry Group contributed 19.04%.
The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 81.36% (or 972.40Mn shares) of total volume, with a value contribution of LKR 4.48Bn. The Materials Industry Group followed suit, adding 3.77% to total volume (45.08Mn shares) while Capital Goods contributed 3.49% (41.76Mn shares).
Dividend Announcements
Company, DPS(Rs.), Dividend Type, Date(XD); BUKIT DARAH, 0.60, First interim, 07/01/2021, UNITED MOTORS PLC, 1.50, First interim, 05/01/2021, VIDULLANKA, 0.10, First interim, 04/01/2021.
Key Economic Indicators November Prime Lending Rate - 5.95%, Ave. Wtd. Deposit Rates - 6.01%, Ave. Wtd. Fixed Dep. Rates - 7.37%, CCPI Inflation Y-o-Y % (Base 2013) - 4.1%.
Net Foreign Position
Foreign investors were net sellers this week with total net outflow amounting to LKR 0.54Bn relative to last week’s total net outflow of LKR 0.38Bn (-41.5% W-o-W). Total foreign purchases increased by 3.2% W-o-W to LKR 0.40Bn from last week’s value of LKR 0.39Bn, while total foreign sales amounted to LKR 0.94Bn relative to LKR 0.77Bn recorded last week (22.2% W-o-W).
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