The Bourse ended the week on a negative note this week with ASPI decreasing by 24.45 points (or 0.34%) to close at 7,208.20 points, while the S&P SL20 Index also decreased by 9.92 points (or 0.34%) to close at 2,869.25 points.
Turnover & Market Capitalization
Royal Ceramic was the highest contributor to the week’s turnover value, contributing LKR 0.97Bn or 12.41% of total turnover value. HNB followed suit, accounting for 12.07% of turnover (value of LKR 0.94Bn) while Browns Investments contributed LKR 0.74Bn to account for 9.51% of the week’s turnover. Total turnover value amounted to LKR 7.79Bn (cf. last week’s value of LKR 14.61Bn), while the daily average turnover value amounted to LKR 1.95Bn (-33.38% W-o-W) compared to last week’s average of LKR 2.92Bn. Market capitalization meanwhile, decreased by 0.32% W-o-W (or LKR 10.11Bn) to LKR 3,178.80 Bn cf. LKR 3,188.91 Bn last week.
Liquidity (Value & Volume)
The Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 28.04% (or LKR 2.18Bn) of market turnover. Industry Group’s turnover was driven primarily by Royal Ceramic, JKH, Hayleys and Vallibel One which accounted for 79.54% of the sector’s total turnover. Banks Industry Group meanwhile accounted for 17.71% of the total turnover value while Food Beverage and Tobacco Group contributed 15.49% to the weekly turnover.
The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 35.32% (or 125.57Mn shares) of total volume, with a value contribution of LKR 1.21Bn. The Capital Goods Industry Group followed suit, adding 15.43% to total volume (54.85Mn shares) while Materials Industry Group contributed 14.51% (51.57Mn shares) to the weekly share volume.
Dividend Announcements
Company, DPS(Rs.), Dividend Type, Date (XD); UNION CHEMICALS LANKA PLC, 14, Final dividend, 11/06/2021; CEYLINCO INSURANCE PLC (VOTING), 40, First Interim, 06/05/2021; CEYLINCO INSURANCE PLC (NON-VOTING), 40, First Interim, 06/05/2021; PROPERTY DEVELOPMENT PLC, 3.5, First and Final dividend, 10/06/2021.
Key Economic Indicators April Prime Lending Rate- 5.62%, Ave. Wtd. Deposit Rates- 5.07%, Ave. Wtd. Fixed Dep. Rates- 6.09%, CCPI Inflation Y-o-Y %- 3.9%.
Net Foreign Position
Foreign investors were net sellers this week with a total net outflow amounting to LKR 1.04Bn relative to last week’s total net inflow of LKR 0.02Bn (-5,980.6% W-o-W). Total foreign purchases decreased by 61.1% W-o-W to LKR 0.38Bn from last week’s value of LKR 0.98Bn, while total foreign sales amounted to LKR 1.42Bn relative to LKR 0.96Bn recorded last week (48.0% W-o-W).
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