The CSE continued to break all records with the ASPI increasing by 729 points (or 9.42%) to close at 8,463 points, while the S&P SL20 Index increased by 409 points (or 14.10%) to close at 3,312 points.
Turnover & Market Capitalization at a record high
The local retailer dominance was clear with LOLC Holdings being the highest contributor to the week’s turnover value, with LKR 4.82Bn or 8.04% of the total turnover value. Expo Lanka followed suit with 7.91% of turnover (value of LKR 4.75Bn) while Browns Investments contributed LKR 4.52Bn to account for 7.52% of the week’s turnover. We saw interchanging ownership between these three retailer favourites. Total turnover value amounted to LKR 60.02Bn (cf. last week’s value of LKR 37.87Bn), while daily average turnover value amounted to LKR 12.00Bn (58.50% W-o-W) compared to last week’s average of LKR 7.57Bn. Market capitalization meanwhile, increased by 9.42%W-o-W (or LKR 318.61Bn) to LKR 3,699.69Bn cf. LKR 3,381.08Bn last week.
Retail play continues while banks see a brief resurgence
The Capital goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 26.97% (or LKR 16.19Bn) of market turnover. Industry Group’s turnover was driven primarily by JKH, HAYL, and AEL which accounted for 65% of the sector’s total turnover. Banks saw a resurgence catalyzed by the reintroduction of cash dividends. 17% of the total turnover value while Materials Industry Group contributed 16% to the weekly turnover.
The Materials Industry Group dominated the market in terms of share volume, accounting for 29.19% (or 715.93Mn shares) of total volume, with a value contribution of LKR 9.58Bn. The Food, Beverage & Tobacco Industry Group followed suit, adding 27.89% to total volume (683.90Mn shares) while Capital goods contributed 11.15% (273.54Mn shares) to the weekly share volume.
Dividend Announcements
Company DPS(Rs.) Dividend Type Date(XD) LB FINANCE PLC 12.00 First interim 02/02/2021.
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%.
Foreign activity stays marginalized
Foreign investors were net sellers this week with total net outflow amounting to LKR 2.36 Bn relative to last week’s total net outflow of LKR 615mn (-283.4% W-o-W). Total foreign purchases increased by 26.1% W-o-W to LKR 1.07Bn from last week’s value of LKR 0.85Bn, while total foreign sales amounted to LKR 3.43Bn relative to LKR 1.46Bn recorded last week (134.3% W-o- W).
0 comments: