The Bourse ended the week on a negative note this week with ASPI decreasing by 321.60 points (or 4.12%) to close at 7,476.34 points, while the S&P SL20 Index also decreased by 131.49 points (or 4.24%) to close at 2,966.63 points.
Expo Lanka was the highest contributor to the week’s turnover value, contributing LKR 1.36Bn or 12.55% of total turnover value. Sampath followed suit, accounting for 12.21% of turnover (value of LKR 1.32Bn) while Browns Investments contributed LKR 1.15Bn to account for 10.60% of the week’s turnover. Total turnover value amounted to LKR 10.81Bn (cf. last week’s value of LKR 20.44Bn), while daily average turnover value amounted to LKR 2.70Bn (-33.91%W-o-W) compared to last week’s average of LKR 4.09Bn. Market capitalization meanwhile, decreased by 4.13% W-o-W (or LKR 140.88Bn) to LKR 3,269.43Bn cf. LKR 3,410.31Bn last week.
Liquidity (Value & Volume)
The Banks Industry Group was the highest contributor to the week’s total turnover value, accounting for 22.46% (or LKR 2.43Bn) of market turnover. Industry Group’s turnover was driven primarily by Sampath, & Commercial Bank which accounted for 83.70% of the sector’s total turnover. Capital Goods Industry Group meanwhile accounted for 19.61% of the total turnover value while Materials Industry Group contributed 17.56% to the weekly turnover.
The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 46.70% (or 206.17Mn shares) of total volume, with a value contribution of LKR 1.48Bn. The Materials Industry Group followed suit, adding 11.52% to total volume (50.84Mn shares) while Transportation contributed 7.14% (31.50Mn shares) to the weekly share volume.
Dividend Announcements
Company,DPS(Rs.),Dividend Type,Date(XD); VALLIBEL ONE PLC, 0.5,First interim, 04/03/2021; COMMERCIAL DEVELOPMENT COMPANY PLC, 3.5,Final dividend, 01/04/2021; SEYLAN DEVELOPMENTS PLC, 1.2, First and Final dividend, 31/03/2021; COMMERCIAL BANK OF CEYLON PLC (VOTING), 4.5, First and Final dividend, 31/03/2021; COMMERCIAL BANK OF CEYLON PLC (NON-VOTING), 4.5,First and Final dividend, 31/03/2021; CHEVRON LUBRICANTS LANKA PLC, 2,Fourth interim, 09/03/2021; NATIONS TRUST BANK PLC (VOTING), 2, First and Final dividend, 09/03/2021; NATIONS TRUST BANK PLC (NON-VOTING), 2, First and Final dividend, 09/03/2021.
Key Economic Indicators January Prime Lending Rate-5.82%; Ave. Wtd. Deposit Rates-5.58%; Ave. Wtd. Fixed Dep. Rates-6.88%; CCPI Inflation Y-o-Y % (Base 2013)-3%.
Net Foreign Position
Foreign investors were net sellers this week with total net outflow amounting to LKR 1.29Bn relative to last week’s total net outflow of LKR 0.88Bn (46.3% W-o-W). Total foreign purchases decreased by 35.6% W-o-W to LKR 0.28Bn from last week’s value of LKR 0.44Bn, while total foreign sales amounted to LKR 1.57Bn relative to LKR 1.32Bn recorded last week (19.1% W-o-W).
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