Monday, June 21, 2021

ASPI increases amidst renewed foreign interest

Colombo Stock Exchange witnessed mixed signals amidst temporarily lifted travel restrictions yesterday, mainly driven by renewed foreign interest and continued local investor participation. Thus, the All Share Price Index increased by 11.3 points (+0.2%) to close at 7,726.7 while the S&P SL20 Index declined by 18.9 points (-0.6%) to close the day at 3,064.5.

Moreover, LOLC Development Finance, Nestle Lanka, Carsons Cumberbatch, Ceylon Cold Stores and AMW Motor Finance remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at LKR 1,954.5 mn against the 12-month average daily turnover of LKR3,105.5 mn, whilst the volume traded for the day was 62,496.3k against the 12-month average daily volume of 173,018.2k. Diversified Financials, Capital Goods and Food and Beverage were the main sectors that contributed to the daily turnover.

The top traded counters for yesterday were Nestle Lanka LKR257.3 mn, LOLC Holdings LKR 148.4 mn, Alliance Finance LKR140.4 mn, Browns Investments LKR122.0 mn and Expolanka Holdings LKR105.6 mn. Foreigners were net buyers yesterday recording an inflow of LKR11.1 mn during the day.

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