Sunday, March 7, 2021

Market dips along with inflation indices – Acuity Stockbrokers

The Bourse ended the week on a negative note this week with ASPI decreasing by 421.85 points (or 5.64%) to close at 7,054.49 points, while the S&P SL20 Index also decreased by 175.06 points (or 5.90%) to close at 2,791.57 points.

Turnover & Market Capitalization

Expo Lanka was the highest contributor to the week’s turnover value, contributing LKR 1.14Bn or 9.98% of the total turnover value. JKH followed suit, accounting for 9.72% of turnover (value of LKR 1.11Bn) while L O L C Holdings contributed LKR 1.07Bn to account for 9.43% of the week’s turnover. Total turnover value amounted to LKR 11.40Bn (cf. last week’s value of LKR 10.81Bn), while the daily average turnover value amounted to LKR 2.28Bn (5.51%W-o-W) compared to last week’s average of LKR 2.16Bn. Market capitalization meanwhile, decreased by 6.34% W-o-W (or LKR 207.40Bn) to LKR 3,062.03Bn cf. LKR 3,269.43Bn last week.

Liquidity (Value & Volume)

The Capital goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 26.82% (or LKR 3.06Bn) of market turnover. Industry Group’s turnover was driven primarily by JKH, Vallibel One, Hayleys & Royal Ceramic which accounted for 82.12% of the sector’s total turnover. Food, Beverage & Tobacco Industry Group meanwhile accounted for 17.05% of the total turnover value while Banks 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 33.98% (or 161.84Mn shares) of total volume, with a value contribution of LKR 1.94Bn. The Materials Industry Group followed suit, adding 30.19% to total volume (143.82Mn shares) while Capital goods contributed 9.20% (43.84Mn shares) to the weekly share volume.

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