President Gotabaya Rajapaksa addressing the Invest-Sri Lanka Investor forum held recently invited investors to invest in Colombo Port City and in a range of sectors from energy, information to agro-industries.
Thus, Colombo bourse commenced the week in green whilst continued its positive sentiment yesterday. Hence, the All-Share Price Index gained 24.5 points (+0.3%) to close at 7,591.9 enticed by local investor interest. Further, S&P SL20 Index also rose by 8.7 points (+0.3%) to close the day at 3,055.1. Moreover, Distilleries, Central Finance, John Keells Holdings, Expolanka Holdings and Ceylon Cold Stores remained as the top positive contributors to the ASPI during the day. Total turnover stood at LKR2,103.3 mn (USD15,321.7k) vs. 12-month average daily turnover of LKR3,069.7 mn (USD15,321.7k) whilst the volume traded for the day was 114,908.8k against the 12-month average daily volume of 170,879.8k. Diversified Financials, Capital Goods and Food and Beverage were the main sectors that contributed to the daily turnover.
The top traded counters for the day were LOLC Holdings LKR 189.9 mn, Expolanka Holdings LKR 170.6 mn, Central Finance LKR120.0 mn, Royal Ceramics LKR 96.0 mn and Lanka Walltile LKR 82.3 mn.
Foreigners were net sellers recording an outflow of LKR 86.8 mn during the day. Foreign purchases stood at LKR 21.6 mn enticed by Arpico Insurance (LKR 3.9 mn), John Keells Holdings (LKR 3.3 mn) and Richard Pieris (LKR 2.0 mn) whilst total foreign sales amounted to LKR 108.4 mn, mainly seen in Commercial Bank (LKR 16.0 mn), Melstacorp (LKR 12.6 mn), Royal Ceramics (LKR 7.8 mn) and Dialog Axiata (LKR 6.7 mn).
People’s Insurance, Mahaweli Coconut Plantations, Laugfs Power and HNB Finance touched their 52-week high prices yesterday whilst SMB Leasing reached its 52-week low price point. Further, Seylan Merchant Bank, Industrial Asphalts, Browns Investments and HVA Foods remained as the most actively traded stocks for the day. Meanwhile an off the floor transaction was recorded in Watawala Plantations yesterday.
Furthermore, on the economic front, Secretary to the President Dr P B Jayasundera said at the Invest-Sri Lanka forum that Sri Lanka will make a bullet repayment on a billion US dollar sovereign bond that is falling due in July and maintain the country’s record of not having defaulted on debt. Furthermore, Sri Lanka expects to list several state-run hotels in the Colombo Stock Exchange through Selendiva Leisure, a holding company controlled by the state in June 2021, Treasury Secretary Sajith Attygalle mentioned.
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