Sunday, October 10, 2021

Market advancing towards 10,000 – Acuity Stockbrokers

The Bourse ended the week on a positive note this week with ASPI increasing by 236.59 points (or 2.51%) to close at 9,678.89 points, while the S&P SL20 Index also increased by 73.59 points (or 2.08%) to close at 3,613.14 points.

Turnover & Market Capitalization

Expolanka was the highest contributor to the week’s turnover value, contributing LKR 3.08Bn or 16.20% of total turnover value. Browns Investments followed suit, accounting for 12.34% of turnover (value of LKR 2.34Bn) while Royal Ceramic contributed LKR 1.02Bn to account for 5.38% of the week’s turnover. Total turnover value amounted to LKR 18.99 Bn (cf. last week’s value of LKR 31.62 Bn), while the daily average turnover value amounted to LKR 3.80Bn (-39.95% W-o-W) compared to last week’s average of LKR 6.32Bn. Market capitalization meanwhile, increased by 2.51% W-o-W (or LKR 105.44 Bn) to LKR 4,313.12 Bn cf. LKR 4,207.68 Bn last week.

Liquidity (Value & Volume)

Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 19.15% (or LKR 3.64Bn) of market turnover. Industry Group’s turnover was driven primarily by Royal Ceramic, JKH and Hemas Holdings which accounted for 50.89% of the sector’s total turnover. Transportation Industry Group meanwhile accounted for 16.25% of the total turnover value while Food Beverage & Tobacco Industry Group contributed 15.80% to the weekly turnover.

The Food Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 20.46% (or 252.83 Mn shares) of total volume, with a value contribution of LKR 3.00Bn. The Diversified Financials Industry Group followed suit, adding 20.30% to total volume (250.88 Mn shares) while Consumer Services Industry Group contributed 16.24% (200.75 Mn shares) to the weekly share volume.

Dividend Announcements

Company, DPS(Rs.), Dividend Type, Date (XD); E B CREASY & COMPANY PLC, 1, First and Final dividend, 12/11/2021.

Key Economic Indicators September; Prime Lending Rate 6.39%; Ave. Wtd. Deposit Rates 4.75%; Ave. Wtd. Fixed Dep. Rates 5.64%; CCPI Inflation Y-o-Y % 5.7%.

Net Foreign Position

Foreign investors were net sellers this week with a total net outflow amounting to LKR 0.30 Bn relative to last week’s total net outflow of LKR 1.56 Bn (81.1% W-o-W). Total foreign purchases increased by 30.6% W-o-W to LKR 0.21Bn from last week’s value of LKR 0.16Bn, while total foreign sales amounted to LKR 0.50Bn relative to LKR 1.72Bn recorded last week (-70.7% W-o-W).

Author:

0 comments: