Certain negative factors such as the fuel price hike and concerns over a probable removal of the temporary withdrawal of Sri Lanka’s Generalised Scheme of Preferences Plus (GSP+) granted by the EU kept the market in red yesterday.
Thus, the All Share Price Index declined by28.0 points (-0.4%) to close at 7,582.3whileS&P SL20 Index also dropped by 12.1 points (-0.4%)to close the day at 3,054.9.Moreover, Ceylon Tobacco, Vallibel One, Browns Investment, Commercial Bank and LOLC Holdings remained as the top negative contributors to the ASPI during the day.
Further, broader market’s total turnover stood at LKR 1,361.7mn (USD6,791.3k) vs. 12-month average daily turnover of LKR 3,083.6mn (USD15,379.7k) whilst the volume traded for the day was 68,976.9 against the 12-month average daily volume of 171,987.9k. Materials, Capital Goods, Banking, and Food & Beverage were the main sectors that contributed to the daily turnover.
The top traded counters for yesterday were LOLC Holdings LKR156.8mn, Royal Ceramics LKR105.0mn, Lanka IOCLKR104.1mn, HayleysLKR76.1mn (USD379.7k, -0.8%) and People’s Leasing & FinanceLKR76.4mn. Foreigners were net sellers recording an outflow of LKR56.2mn during the day.
Foreign purchases stood at LKR46.4mn (USD23.1k) enticed by Melstacorp (LKR9.8mn), LOLC Holdings(LKR9.1mn), Hemas Holdings(LKR7.3mn) and Hayleys Fabric (LKR3.8mn) whilst total foreign sales amounted to LKR102.6mn (USD51.2k), mainly seen in People’s Leasing & Finance(LKR70.8mn), Ceylon Cold Stores(LKR6.2mn), Vallibel Power Erathna (LKR5.8mn) and John Keells Holdings (LKR5.6mn).
Further, an off-board transaction was witnessed in People’s Leasing & Finance.
Additionally, C.W. Mackie, People’s Insurance, Mahaweli Coconut Plantations and Dialog Axiata touched their 52-week high prices yesterday whilst Prime Land Residencies reached its 52-week low price point. Further, Seylan Bank (Voting & Non-Voting),Browns Investments, Lanka IOC, People’s Leasing & Finance and Hayleys Fabric remained as the most actively traded stocks yesterday.
Further, Melstacorp (MELS) announced a dividend of LKR2.75 as the first interim dividend for FY21.
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