The Bourse ended the week on a mixed note this week with ASPI increasing by 93.69 points (or 1.21%) to close at 7,809.15 points, while the S&P SL20 Index decreased by 40.75 points (or 1.32%) to close at 3,042.63 points.
Turnover & Market Capitalization
Expolanka was the highest contributor to the week’s turnover value, contributing LKR 0.53Bn or 8.01% of total turnover value. L O L C Holdings followed suit, accounting for 7.10% of turnover (value of LKR 0.47Bn) while Browns Invstmnts contributed LKR 0.34Bn to account for 5.10% of the week’s turnover. Total turnover value amounted to LKR 6.66 Bn (cf. last week’s value of LKR 12.11 Bn), while daily average turnover value amounted to LKR 1.66Bn (-31.26% W-o-W) compared to last week’s average of LKR 2.42Bn. Market capitalization meanwhile, increased by 1.20% W-o-W (or LKR 41.08 Bn) to LKR 3,457.57 Bn cf. LKR 3,416.49 Bn last week.
Liquidity (Value & Volume)
Food Beverage & Tobacco Industry Group was the highest contributor to the week’s total turnover value, accounting for 21.97% (or LKR 1.46Bn) of market turnover. Industry Group’s turnover was driven primarily by Browns Invstmnts, Bukit Darah and Nestle which accounted for 60.62% of the sector’s total turnover. Diversified Financials Industry Group meanwhile accounted for 18.94% of the total turnover value while Banks Industry Group contributed 14.49% to the weekly turnover.
The Food Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 26.58% (or 64.45 Mn shares) of total volume, with a value contribution of LKR 1.46Bn. The Diversified Financials Industry Group followed suit, adding 16.42% to total volume (39.81 Mn shares) while Materials Industry Group contributed 12.07% (29.26 Mn shares) to the weekly share volume.
Dividend Announcements
Company, DPS(Rs.), Dividend Type, Date(XD); CITIZENS DEVELOPMENT BUSINESS FINANCE PLC (VOTING), 7.5, Final dividend, 2/8/2021; CITIZENS DEVELOPMENT BUSINESS FINANCE PLC (NON-VOTING), 7.5, Final dividend, 2/8/2021; EXPOLANKA HOLDINGS PLC, 1.17, Interim dividend, 1/7/2021; TOKYO CEMENT COMPANY (LANKA) PLC (VOTING), 1.25, First interim, 2/7/2021; TOKYO CEMENT COMPANY (LANKA) PLC (NON-VOTING), 1.25, First interim, 2/7/2021; C.W.MACKIE PLC, 7, First and Final dividend, 19/08/2021; AGSTAR PLC (VOTING), 0.2, Final dividend, 16/07/2021; AGSTAR PLC (NON-VOTING), 0.2, Final dividend, 16/07/2021.
Company, Proportion, Dividend Type, No. of Shares; COLOMBO INVESTMENT TRUST PLC, 02:44.2, Scrip Dividend, 65,693; COLOMBO FORT INVESTMENTS PLC, 02:03.1, Scrip Dividend, 109,538. Key Economic Indicators May; Prime Lending Rate 5.69%, Ave. Wtd. Deposit Rates 4.97%, Ave. Wtd. Fixed Dep. Rates 5.94%, CCPI Inflation Y-o-Y % 4.5%.
Net Foreign Position
Foreign investors were net sellers this week with a total net outflow amounting to LKR 0.25 Bn relative to last week’s total net inflow of LKR 0.36 Bn (-171.1% W-o-W). Total foreign purchases decreased by 53.90% W-o-W to LKR 0.53Bn from last week’s value of LKR 1.16Bn, while total foreign sales amounted to LKR 0.79Bn relative to LKR 0.80Bn recorded last week (-1.7% W-o-W).
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