The Colombo bourse reversed its direction yesterday gaining over 200 points with the appetite of local retail and high net worth investors.
Hence the All Share Price Index increased by 222.2 points (+2.5%) to close at 8,986.4 whilst the S&P SL20 Index also increased by 66.8 points (+2.0%) to close the day at 3,379.8. Browns Investments, Commercial Leasing & Finance, Expolanka Holdings, LOLC Holdings and Nestle Lank remained as the top positive contributors to the ASPI during the day.
Further, broader market’s total turnover stood at Rs. 5,793.7 mn against the 12-month average daily turnover of Rs. 3,914. 7 mn, whilst the volume traded for the day was 265,308.4 k against the 12-month average daily volume of 213,864.4 k.
Transportation, Capital Goods, Diversified Financials and Food and Beverage sectors mostly contributed to the day’s turnover.
The top traded counters for yesterday were Expolanka Holdings Rs.1,697.9 mn (+2.1%),Browns Investments Rs.1,252.4mn (+8.7%), LOLC Holdings Rs.400.3mn (+2.1%),Nestle Lanka Rs.379.9mn (+6.9%)and Hayleys Rs.221.7mn (+5.1%). Further, off-board transactions were witnessed in Expolanka Holdings (Rs.105.6mn), Hatton National Bank (Rs.37.8mn), Sampath Bank(Rs.204.8mn) and Hatton National Bank (Non-Voting) (Rs.26.0mn)yesterday.
Additionally, Industrial Asphalts, Balangoda Plantations, Colombo Land & Development and Tess Agro were the top price gainers yesterday whilst Merchant Bank, Sinhaputhra Finance, Mercantile Shipping and Hapugastenne Plantations were the top price losers. Further, Browns Investments, SMB Leasing (Voting), Nation Lanka Finance, Merchant Bank, LOLC Finance and Expolanka Holdings were amongst the most actively traded stocks yesterday.
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08 September 2021, decided to impose a 100 percent cash margin deposit requirement against the importation of selected goods of non-essential/non-urgent nature made under Letters of Credit and Documents against Acceptance terms with Licensed Commercial Banks and National Savings Bank, with immediate effect.
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