The Bourse ended the week on a negative note this week with ASPI decreasing by 376.79 points (or 5.05%) to close at 7,080.69 points, while the S&P SL20 Index also decreased by 135.43 points (or 5.69%) to close at 2,244.83 points.
Turnover & Market Capitalization
Lanka IOC was the highest contributor to the week’s turnover value, contributing LKR 1.39Bn or 31.62% of the total turnover value. Expolanka followed suit, accounting for 15.64% of turnover (value of LKR 0.69Bn) while JKH contributed LKR 0.25Bn to account for 5.60% of the week’s turnover. The total turnover value amounted to LKR 4.39Bn (cf. last week’s value of LKR 5.23Bn), while the daily average turnover value amounted to LKR 0.88Bn (-16.19% W-o-W) compared to last week’s average of LKR 1.05Bn. Market capitalization meanwhile, decreased by 4.85% W-o-W (or LKR 156.66Bn) to LKR 3,075.93Bn cf. LKR 3,232.60Bn last week.
Liquidity (Value & Volume)
Energy Industry Group was the highest contributor to the week’s total turnover value, accounting for 31.64% (or LKR 1.39Bn) of market turnover. Industry Group’s turnover was driven primarily by Lanka IOC which accounted for 99.92% of the sector’s total turnover. Transportation Group meanwhile accounted for 15.64% of the total turnover value while Capital Goods Group contributed 13.92% to the weekly turnover.
The Diversified Financials Industry Group dominated the market in terms of share volume, accounting for 42.78% (or 119.63Mn shares) of total volume, with a value contribution of LKR 0.38Bn. The Food Beverage & Tobacco Industry Group followed suit, adding 15.41% to the total volume (43.08Mn shares) while the Materials Group contributed 10.16% (28.41Mn shares) to the weekly share volume.
Dividend Announcements
Company, DPS (Rs.), Final/Interim, XD From; Lanka IOC PLC, 2.25, First and Final Dividend,5-Aug-2022; Lanka Credit and Business Finance PLC, 0.06, Final Dividend, 1-Aug-2022.
Company, Scrip Dividend, No. of shares, Price of Issue (LKR); Colombo Fort Investments PLC, 1 : 37.83, 221,719, 1.20; Colombo Investment Trust PLC, 1 : 66.67,103,631, 1.20.
Key Economic Indicators June Prime Lending Rate: 21.94%; Ave. Wtd. Deposit Rates: 8.41%; Ave. Wtd. Fixed Dep. Rates: 11.06%; CCPI Inflation Y-o-Y %: 54.6%.
Net Foreign Position
Foreign investors were net buyers this week with a total net inflow amounting to LKR 0.24Bn relative to last week’s total net inflow of LKR 0.07Bn (226.8% W-o-W). Total foreign purchases increased by 139.5% W-o-W to LKR 0.31Bn from last week’s value of LKR 0.13Bn, while total foreign sales amounted to LKR 0.07Bn relative to LKR 0.05Bn recorded last week (20.6% W-o-W).