ASPI marginally gains amid higher net foreign outflows in June

The Colombo Bourse closed positive in June 2024, with the benchmark All Share Price Index (ASPI) rising +0.3% MoM to 12,145 points (an increase of +38 index points MoM).

“Meanwhile, the more liquid S&P SL20 index increased +0.5% MoM to 3,589 points (an increase of +20 index points),” saysCT CLSA in theirMarket Statistics Report for June 2024.

Average daily turnover decreased to Rs. 1,828 mn in June 2024 (vs. Rs.1,789 mn in May 2024). Top contributors to monthly turnover were John Keells Holdings (JKH, Rs.4,028 mn, 20mn shares), Commercial Bank of Ceylon (voting) (COMB-N, Rs.3,847mn, 35mn shares), and Hayleys (HAYL, Rs.2,561mn, 25mn shares).

Net foreign outflows recorded at Rs.901mn in June 2024 following a net foreign outflow of Rs.168mn in May 2024.

During the month, net foreign buying was seen in John Keells Holdings (JKH, +Rs.783mn), Melstacorp (MELS, +Rs.96mn), and Hayleys (HAYL, +Rs.80mn), whilst net foreign selling was seen in Ambeon Capital (TAP,-Rs.1,271mn), Sampath Bank (SAMP, -Rs.267mn) and Commercial Bank of Ceylon (voting) (COMB-N, -Rs.197 mn).

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