Colombo bourse continued its winning streak yesterday and retained in the green territory spearheaded by local investor interest. Thus, the All Share Price Index increased by 35.7 points (+0.5%) to close at 7,641.2 while S&P SL20 Index also increased by 21.2 points (+0.7%) to close the day at 3,072.7.
Moreover, LOLC Development Finance, Expolanka Holdings, LOLC Holdings, Hayleys and Carsons Cumberbatch remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at LKR2,714.6 mn (USD13,545.5k) vs. 12-month average daily turnover of LKR3,089.6 mn (USD15,416.4k) whilst the volume traded for the day was 88,244.4k against the 12-month average daily volume of 172,366.5k. Diversified Financials, Capital Goods, Food & Beverage and Transportation were the main sectors that contributed to the daily turnover.
The top traded counters for yesterday were Expolanka Holdings LKR692.3 mn, Hatton National Bank LKR385.1 mn LOLC Holdings LKR283.3 mn, Browns Investments LKR 144.4 mn and Dipped Products LKR104.7 mn.
Foreigners were net sellers recording an outflow of LKR155.6 mn (USD77.6k) during the day. Foreign purchases stood at LKR347.9 mn (USD173.6k) enticed by Tokyo Cement (Non-Voting) (LKR 14.2 mn), Expolanka Holdings (LKR5.7 mn), Commercial Bank (LKR4.1 mn) and Tokyo Cement (Voting) (LKR2.1 mn) whilst total foreign sales amounted to LKR503.4 mn (USD251.2k), mainly seen in People’s Leasing & Finance (LKR96.2 mn), Hatton National Bank (LKR67.1 mn), LOLC Holdings (LKR17.2 mn) and Ceylon Tobacco (LKR5.4 mn). Further, no off-board transactions were witnessed yesterday.
Additionally, Dialog Finance, People’s Insurance, Mahaweli Coconut Plantations and BPPL Holdings touched their 52-week high prices yesterday whilst Prime Land Residencies reached the 52-week low price point. Further, Browns Investments, Expolanka Holdings, People’s Leasing & Finance, SMB Leasing (Non-Voting) and Hatton National Bank remained as the most actively traded stocks yesterday.
Meanwhile, SL’s implied forward exchange rates had also plunged in dollar/rupee swap markets as money printing depressed rupee yields.
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