Wednesday, August 30, 2017

Equities demonstrate negative investor sentiment

Colombo equities demonstrated negative investor sentiment yesterday. The Benchmark Index, ASPI closed the day at 6,390.26 points, losing 8.53 points. This was mainly due to price losses in counters such as COMB.N (LKR136.60,-0.65%), DIAL.N (LKR11.30,-0.88%), AHPL.N (LKR52.00,-2.80%), VONE.N (LKR18.10,-3.21%) & NEST.N (LKR1800.30,-0.60%).

The Blue Chip Index S&P SL20 decreased by 2.14 points or -0.1% to close at 3,683.96.

Foreigners took the position of net buyers for the day, recording a net foreign inflow of LKR 89mn for the day.

JKH.N recorded the highest turnover for the day of LKR 221.2mn, followed by COMB.N (LKR101.9mn) and SAMP.N (LKR54.6mn).

The day saw turnover decrease by 62.8% to LKR 592mn compared to the last trading day.

Bank Finance and Insurance Sector managed to record the highest turnover of LKR235.5mn for the day, followed Diversified Holdings Sector and Manufacturing Sector with daily turnovers of LKR 233.5mn and LKR 86.3mn respectively. Year to date ASPI Performance stood at +2.6%, while Year to date Blue Chip Index increased by 5.4%. Out of the 225 counters traded yesterday, 68 companies declined while 47 companies closed higher. SC Securities

 

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