Tuesday, June 22, 2021

Bourse edges up, ASPI increases by 16.9 points

The Colombo bourse edged up +0.2% steered by active local investor participation, whilst concluding yesterday’s proceedings on a mixed note.

Thus, the All Share Price Index increasedby16.9 points (+0.2%) to close at 7,743.7whilethe S&P SL20 Index declinedby38.4 points (-1.3%)to close the day at 3,026.1. Moreover, Carsons Cumberbatch, LOLC Development Finance, Bukit Darah, Ceylon Cold Stores and Ceylon Guardian remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at LKR. 954.5 mn (USD9,668.2k) against the12-month average daily turnover of LKR. 3,109.3 mn (USD15,515.4k), whilst the volume traded for the day was 67,660.4 against the 12-month average daily volume of 173,165.2k. Banking, Diversified Financials, Capital Goods and Food &Beverage were the main sectors that contributed to the daily turnover.

The top traded counters for yesterday were Expolanka Holdings LKR247.1mn, Bukit Darah LKR 156.7mn, Hatton National Bank (Non-Voting) LKR145.6mn, (LOLC Holdings LKR 145.5mn and Browns Investments LKR128.5mn.

Foreigners were net sellers yesterday recording an outflow of LKR233.3mn (USD116.4k) during the day. Foreign purchases stood at LKR7.4mn (USD3.7k) enticed by Hatton National Bank (LKR2.5 mn), Sampath Bank (LKR1.3mn), Windforce (LKR0.5 mn) and Lanka Walltile(LKR0.5 mn) whilst total foreign sales amounted to LKR240.7mn (USD120.1k), mainly seen in Bukit Darah (LKR84.0mn), John Keells Holdings (LKR49.9mn), Expolanka Holdings (LKR29.6 mn)and Commercial Bank (LKR27.5mn). Further, off-board transactions were witnessed in Hatton National Bank (Non-Voting) yesterday.

Additionally, Associated Motor Finance, LOLC Development Finance, Mahaweli Coconut Plantations, Dialog Axiata and Bogala Graphite touched their 52-week high prices yesterday whilst Prime Land Residencies refreshed the 52-week low price point.

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