The Bourse ended the week on a positive note this week with ASPI increasing by 615.04 points (or 8.64%) to close at 7,734.57 points, while the S&P SL20 Index also increased by 198.11 points (or 7.32% ) to close at 2,902.98 points.
Turnover & Market Capitalization
Browns investments was the highest contributor to the week’s turnover value, contributing LKR 7.33Bn or 19.36% of the total turnover value. Expo Lanka followed suit, accounting for 16.06% of turnover (value of LKR 6.08Bn) while LOLC Holdings contributed LKR 2.24Bn to account for 5.91% of the week’s turnover. Total turnover value amounted to LKR 37.87Bn (cf. last week’s value of LKR 33.62Bn), while daily average turnover value amounted to LKR 9.47Bn (40.78% W-o-W) compared to last week’s average of LKR 6.72Bn. Market capitalization meanwhile, increased by 8.64% W-o-W (or LKR 268.88Bn) to LKR 3,381.08Bn cf. LKR 3,112.20Bn last week.
Liquidity (Value & Volume)
The Food Beverage and Tobacco Industry Group was the highest contributor to the week’s total turnover value, accounting for 24.11% (or LKR 9.13Bn) of market turnover. Industry Group’s turnover was driven primarily by Browns investments which accounted for 80.31% of the sector’s total turnover. Capital goods Industry Group meanwhile accounted for 19.06% of the total turnover value while Materials Industry Group contributed 16.50% to the weekly turnover. The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 56.07% (or 1056.26Mn shares) of total volume, with a value contribution of LKR 9.13Bn. The Materials Industry Group followed suit, adding 9.36% to total volume (176.37Mn shares) while Capital goods contributed 7.76% (146.15Mn shares) to the weekly share volume.
Key Economic Indicators
Key economic indicators December 2020; Prime Lending Rate - 5.74%, Ave. Wtd. Deposit Rates - 5.8%, Ave. Wtd. Fixed Dep. Rates - 7.14%, CCPI Inflation Y-o-Y % (Base 2013) - 4.2%.
Net Foreign Position
Foreign investors were net sellers this week with total net outflow amounting to LKR 0.61Bn relative to last week’s total net outflow of LKR 0.965Bn (36.3% W-o-W). Total foreign purchases increased by 50.4% W-o-W to LKR 0.85Bn from last week’s value of LKR 0.56Bn, while total foreign sales amounted to LKR 1.46Bn relative to LKR 1.53Bn recorded last week (-4.3% W-o- W).
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