Colombo bourse gathered momentum with the positive interim results released and price gains in value stocks. Thus, the All Share Price Index increased by 43.8 points (+0.5%) to close at 8,140.8 whilst the S&P SL20 Index also gained 20.6 points (+0.7%) to close the day at 3,071.5.
Distilleries, LOLC Holdings, Aitken Spence, Melstacorp and John Keells Holdings remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at LKR 2,493.2mn against the 12-month average daily turnover of LKR3,226.7mn, whilst the volume traded for the day was 142,315.2k against the 12-month average daily volume of 182,309.9k. Transportation, Capital Goods and Diversified Financials Were the main sectors that contributed to the daily turnover.
The top traded counters for yesterday were Expolanka Holding LKR 292.2mn (-0.1%), Printcare LKR175.1 mn (+24.5%), Ambeon Holdings LKR114.0mn (+5.4%), Dialog Axiata LKR112.9 mn(+0.0%) and Bogala Graphite LKR104.5mn (+6.9%).
Foreigners were net sellers yesterday recording an outflow of LKR141.6mn during the day. Foreign purchases stood at LKR72.0mn which was approximately witnessed in Royal Ceramics, Seylan Developments, Tokyo Cement and Lanka Walltiles Whilst total foreign sales amounted to LKR213.6mn, assumed to be seen in Dialog Axiata, Harischandra Mills, Hemas Holdings and Lankem Developments. Further, off-board transactions were seen in Printcare, Asiri Hospital Holdings and Asia Siyaka Commodities yesterday.
Additionally, Bogala Graphite, Printcare, Mahaweli Coconut Plantations, Ambeon Holdings and HNB Finance touched their 52-week high prices whilst HNB Assurance witnessed the 52-week low price point yesterday.
Further, SMB Leasing (Voting & Non-Voting), Dialog Axiata and Lankem Developments remained as the most actively traded stocks yesterday.
Furthermore, interim results of LB Finance was out yesterday where profits grew +100% YoY to LKR1.3 bn in 1QFY22 backed by steep reduction in interest expenses led by low cost loans, curtailed impairments and higher fee and commission income.
0 comments: