The Bourse ended the week on a mixed note this week with a SPI decreasing by 7.51 points (or 0.10%) to close at 7,220.72 points, while the S&P SL20 Index increased by 30.82 points (or 1.07%) to close at2,900.34 points. Turnover & Market Capitalization Browns Investments was the highest contributor to the week’s turnover value, contributing LKR 2.16Bn or 19.04% of total turnover value.
Expolanka followed suit, accounting for 7.25% of turnover (value of LKR 0.82Bn) while Royal Ceramic contributed LKR 0.80Bn to account for 7.08% of the week’s turnover. Total turnover value amounted to LKR 11.32Bn (cf. last week’s value of LKR 6.52Bn), while the daily average turnover value amounted to LKR 2.26Bn (39.01% W-o-W) compared to last week’s average of LKR 1.63Bn.
Market capitalization meanwhile, decreased by 0.10% W-o-W (or LKR 3.09Bn) to LKR3, 186.23 Bn cf. LKR 3,189.32 Bn last week. Liquidity (Value & Volume) Food, Beverage & Tobacco Industry Group was the highest contributor to the week’s total turnover value, accounting for 22.80% (or LKR2.58Bn) of market turnover. Industry Group’s turnover was driven primarily by Browns Investments which accounted for 83.50% of the sector’s total turnover.
Capital Goods Industry Group meanwhile accounted for 21.08% of the total turnover value while Materials Industry Group contributed 18.69% to the weekly turnover.
The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 42.45% (or 332.34 Mn shares) of total volume, with a value contribution of LKR 2.58Bn. The Diversified Financials Industry Group followed suit, adding 12.09% to total volume (94.68 Mn shares) while Materials Industry Group contributed 7.43%(58.14 Mn shares) to the weekly share volume.
Key Economic Indicators April:
Prime Lending Rate- 5.65%, Ave. Wtd. Deposit Rates- 5.07%, Ave. Wtd. Fixed Dep. Rates- 6.09%, CCPI Inflation-o-Y %- 3.9%. Net Foreign Position Foreign investors were net buyers this week with a total net inflow amounting to LKR 0.03Bn relative to last week’s total net outflow of LKR1.07Bn (103.1% W-o-W). Total foreign purchases increased by 121.5% W-o-W to LKR1.08Bn from last week’s value of LKR 0.49Bn, while total foreign sales amounted to LKR 1.05Bn relative to LKR 1.56Bn recorded last week (-32.8% W-o-W).
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