The Bourse ended the week on a mixed note this week with ASPI increasing by 2.39 points (or 0.04%) to close at 6,616.95 points, while the S&P SL20 Index decreased by 54.86 points (or 2.09%) to close at 2,572.95 points.
Turnover & Market Capitalization
Browns Investments was the highest contributor to the week’s turnover value, contributing LKR 4.00Bn or 27.78% of the total turnover value. JKH followed suit, accounting for 6.03% of turnover (value of LKR 0.87Bn) while Serendib Hotels contributed LKR 0.62Bn to account for 4.33% of the week’s turnover. Total turnover value amounted to LKR 14.39Bn (cf. last week’s value of LKR 19.60), while daily average turnover value amounted to LKR 2.88Bn (-26.60% W-o-W) compared to last week’s average of LKR 3.92Bn. Market capitalization meanwhile, increased by 0.04% W-o-W (or LKR 1.05Mn) to LKR 2,891.73 Bn cf. LKR 2,890.68 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 37.70% (or LKR 5.42Bn) of market turnover. Industry Group’s turnover was driven primarily by Browns Investments, Melstacorp & Hatton Plantations which accounted for 88.63% of the sector’s total turnover. Capital Goods Industry Group meanwhile accounted for 18.06% of the total turnover value while Material Industry Group contributed 12.39%.
The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 68.56% (or 1.05Bn shares) of total volume, with a value contribution of LKR 5.42Bn. The Consumer Services Industry Group followed suit, adding 5.24% to total volume(80.05Mn shares) while Materials contributed 3.79%(57.82Mn shares).
Dividend Announcements
Company, DPS(Rs.), Dividend Type, Date(XD); THE AUTODROME PLC, 0.30, Final dividend, 24/12/2020.
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 0.38Bn relative to last week’s total net outflow of LKR 1.31Bn (+70.9% W-o-W). Total foreign purchases decreased by 63.0% W-o-W to LKR 0.39Bn from last week’s value of LKR 1.05Bn, while total foreign sales amounted to LKR 0.77Bn relative to LKR 2.37Bn recorded last week (-67.4% W-o-W).
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