Thursday, December 29, 2016

Colombo equities demonstrate positive sentiment

Colombo equities demonstrated positive investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,245.71 points, gaining 17.20 points or +0.3%. This was mainly due to price gains in counters such as CINS.N (LKR1,471.40, +17.79%), CTC.N (LKR811.30, +1.37%), CTHR.N (LKR125, +4.17%), BUKI.N (LKR280, +2.53%) & DFCC.N (LKR123,+1.99%). However, the Blue Chip Index S&P SL20 declined by 2.65 points or -0.1% to close at 3,503.13.

Foreigners took the position of net buyers for the day, recording a net foreign inflow of LKR 12mn for the day.

PABC.N recorded the highest turnover for the day of LKR614.5mn, followed by COMB.N (LKR23.7mn) and SDB.N (LKR12.8mn).

The day saw turnover decrease by 58.3% to LKR 721mn compared to the last trading day.

Bank Finance and Insurance Sector managed to record the highest turnover of LKR669mn for the day, followed by the Manufacturing Sector and Telecommunication Sector with daily turnovers of LKR8.9mn and LKR7.2mn respectively.

Year to date ASPI Performance stood at -9.1%, while Year to date Blue Chip Index decreased -2.7%. Out of the 190 counters traded today, 46 companies declined while 64 companies closed higher.

(SC Securities) 

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