Monday, November 29, 2021

Colombo bourse reaches new record highs whilst turnover passes over Rs. 9 bn

Colombo bourse reached new record highs whilst recording a healthy turnover over Rs. 9 bn with local investor interest on selected counters yesterday.

Thus, the All Share Price Index increased by 171.9 points (+1.6%) to close at 11,197.7 whilst S&P SL20 Index also gained by 55.2 points (+1.5%) to close at 3,828.9. Expolanka Holdings, LOLC Finance, LOLC Holdings, Browns Investments and Commercial Leasing & Finance remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at Rs. 9,145.3 mn against the 12-month average daily turnover of Rs. 4,460.3 mn, whilst the volume traded for the day was 335,149.2k against the 12-month average daily volume of 227,668.1k. Capital Goods, Materials, Diversified Financials and Food and Beverage sectors mostly contributed to yesterday’s turnover.

The top turnover generators for yesterday were Browns Investments Rs. 1,766.9 mn (+3.9%), Expolanka Holdings Rs. 1,140.8 mn (+5.1%), Lanka Realty Investments Rs. 688.2 mn (+4.3%), Swisstek (Ceylon) Rs. 445.8 mn (+18.0%) and Royal Ceramics Rs. 432.1 mn (+7.4%). Foreigners recorded an outflow of Rs. 277.9 mn during the day. Foreign purchases stood at Rs. 114.7 mn which were approximately witnessed in John Keells Holdings, Browns Investment, Royal Ceramics, CW Mackie and Lanka Tiles whilst total foreign sales amounted to Rs. 392.5 mn, assumed to be seen Lanka Realty Investments, Hatton National Bank, Bogala Graphite, Hayleys Fabric and Sunshine Holdings.

Further, there was off-board transaction in Lanka Realty Investments (Rs. 37.5 mn) and Sampath Bank (Rs. 33.0 mn) yesterday.

Further, Browns Investments, Lanka Realty Investments, LOLC Finance, Swisstek (Ceylon) and Industrial Asphalts were amongst the most actively traded stocks yesterday.

Softlogic Stock Brokers

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