The Bourse ended the week on a negative note this week with ASPI decreasing by 367.92 points (or 4.84%) to close at 7,232.65 points, while the S&P SL20 Index also decreased by 192.33 points (or 6.26%) to close at 2,879.17 points.
Turnover & Market Capitalization
Browns Investments was the highest contributor to the week’s turnover value, contributing LKR 2.13Bn or 14.59% of the total turnover value. Dipped Products followed suit, accounting for 7.99% of turnover (value of LKR 1.17Bn) while Hayleys contributed LKR 1.02Bn to account for 7.00% of the week’s turnover. Total turnover value amounted to LKR 14.61Bn (cf. last week’s value of LKR 11.79Bn), while the daily average turnover value amounted to LKR 2.92Bn (25.65%W-o-W) compared to last week’s average of LKR 3.93Bn. Market capitalization meanwhile, decreased by 4.21% W-o-W (or LKR 140.03Bn) to LKR3,188.91 Bn cf. LKR 3,328.94 Bn last week.
Liquidity (Value & Volume)
The Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 23.62% (or LKR 3.45Bn) of market turnover. Industry Group’s turnover was driven primarily by Hayleys which accounted for 29.64% of the sector’s total turnover. Materials Industry Group meanwhile accounted for 20.60% of the total turnover value while Food Beverage and Tobacco Group contributed 18.58% to the weekly turnover.The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 50.14% (or 348.91Mn shares) of total volume, with a value contribution of LKR 2.71Bn. The Materials Industry Group followed suit, adding 15.68% to total volume (109.07Mn shares) while Utilities contributed 9.06% (63.03Mn shares) to the weekly share volume.
Key Economic Indicators
For March; Prime Lending Rate: 5.67%, Ave. Wtd. Deposit Rates: 5.2%, Ave. Wtd. Fixed Dep. Rates: 6.29%, CCPI Inflation Y-o-Y %: 4.1%.
Net Foreign Position
Foreign investors were net buyers this week with a total net inflow amounting to LKR 0.02Bn relative to last week’s total net outflow of LKR 0.88Bn (102.0% W-o-W). Total foreign purchases increased by 319.8% W-o-W to LKR 0.98Bn from last week’s value of LKR 0.23Bn, while total foreign sales amounted to LKR 0.96Bn relative to LKR 1.11Bn recorded last week (-13.60% W-o-W).
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