The broader market took a free fall yesterday amidst disturbed investor sentiments by the increasing number of infections in the country. Thus, the All Share Price Indexdeclinedby198.4 points (-2.4%) to close at 8,011.9whilst the S&P SL20 Index also declined by 72.4 points (-2.3%)to close the day at 3,037.6.
LOLC Holdings, Expolanka Holdings, Browns Investments, Vallibel One and Royal Ceramics remained as the top negative contributors to the ASPI during the day.
Further, broader market’s total turnover stood at LKR5, 066.9 mn against the 12-month average daily turnover of LKR 3,306.8 mn, whilst the volume traded for the day was 242,676.7k against the 12-month average daily volume of 186,123.5k.Transportation, Capital Goods and Food & Beverage were the main sectors that contributed to the daily turnover.
Expolanka Holdings led the pack yesterday recording a daily turnover of LKR1,290.3 mn (-5.5%),followed by LOLC HoldingsLKR452.8 mn (-5.9%), Browns Investments LKR 412.0 mn (-5.8%), Royal Ceramics LKR 394.8 mn (-5.6%), and Dipped Products LKR 375.5 mn (-5.2%). Foreigners were net buyers yesterday recording an inflow of LKR 18.4 mn during the day. Foreign purchases stood at LKR66.7 mn.
Further, Hayleys Fabric released 1Q 22 results where the healthy top line boost at MGT coupled with the addition of South Asia Textiles (~98% stake added in Apr ‘21) fueled quarterly earnings to grow +188% YoY to LKR. 299 mn.
0 comments: