Colombo equities demonstrated negative investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,398.79 points, losing 13.58 points. This was mainly due to price losses in counters such as HHL.N (LKR128.10,-3.68%), TAP.N (LKR5.10,-12.07%), RICH.N (LKR11.50,-2.54%), EXPO.N (LKR6.10,-4.69%) & JKH.N (LKR161.70,-0.25%). The Blue Chip Index S&P SL20 decreased by 8.07 points or -0.2% to close at 3,686.10.
Foreigners took the position of net sellers for the day, recording a net foreign outflow of LKR 495mn for the day.
SPEN.N recorded the highest turnover for the day of LKR 499.2mn, followed by JKH.N (LKR368.4mn) and NEST.N (LKR 222.8mn).
The day saw turnover increase by 657.4% to LKR 1593mn compared to the last trading day.
Diversified Holdings Sector managed to record the highest turnover of LKR922.6mn for the day, followed Bank Finance and Insurance Sector and Beverage Food and Tobacco Sector with daily turnovers of LKR 365.2mn and LKR 225.6mn respectively.
Year to date ASPI Performance stood at +2.7%, while Year to date Blue Chip Index increased by 5.4%.
Out of the 226 counters traded today, 83 companies declined while 44 companies closed higher.
Sri Lanka’s Seylan Bank plans to raise as much as 10 billion rupees from an issue of debentures.
Hayleys Advantis Limited, a subsidiary of Hayleys PLC, has acquired 94.81 percent equity stake of Sri Lanka Shipping Company Limited for a purchase price of 4.9 billion rupees.
Sri Lanka’s tax free listed bonds issued in the past are likely to be treated the same way until they are redeemed, according to a government minister.Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country’s oil industry.
(SC Securities)
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