Wednesday, December 28, 2016

Colombo equities turnover increases by 1347.1%

Colombo equities demonstrated positive investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,337.82 points, gaining 10.52 points or +0.17%. This was mainly due to price gains in counters such as JKH.N (LKR155.00, +2.58%), HHL.N (LKR98.00, +2.08%), KHL.N (LKR11.20, +4.67%), HNB.N (LKR224.00 +0.67%) & LION.N (LKR495.20, +1.06%). The Blue Chip Index S&P SL20 also advanced by 13.49 points or+0.38% to close at 3,547.33.

Foreigners took the position of net buyers for the day, recording a net foreign inflow of LKR2, 893mn for the day.

COCR.N recorded the highest turnover for the day of LKR5.8bn, followed by DIAL.N (LKR540.2mn) and JKH.N (LKR535.0mn).

The day saw turnover increase by 1347.1% to LKR12.0b compared to the last trading day, due to the COCR transaction.

Banking, Finance and Insurance Sector managed to record the highest turnover of LKR10.7b for the day, followed by the Diversified Holdings Sector and Telecommunication Sector with daily turnovers of LKR625.5mn and LKR540.3mn respectively.

Year to date ASPI Performance stood at -7.7%, while Year to date Blue Chip Index decreased -1.2%.

Out of the 194 counters traded today, 59 companies declined while 69 companies closed higher.

SC Securities

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