ASPI reaches fresh highs

On Sep 2, 2021

The Colombo bourse reached new record highs yesterday witnessing notable total turnover over Rs. 12 bn with price gains in selected value counters. The All Share Price Index inched upwards by 172.9 points (+1.9%) to close at 9,335.9 whilst the S&P SL20 Index also increased by 73.0 points (+2.1%) to close the day at 3,501.7. LOLC Holdings, Commercial Leasing & Finance, Vallibel One, Expolanka Holdings and Melstacorp remained as the top positive contributors to the ASPI during the day. Further, the broader market’s total turnover stood at Rs. 12,032.1 mn against the 12-month average daily turnover of Rs. 3,766.7 mn, whilst the volume traded for the day was 462,506.6k against the 12-month average daily volume of 204,215.5k. Banks, Transportation, Capital Goods, Diversified Financials and Food and Beverage sectors mostly contributed to the day’s turnover.

The top traded counters for yesterday were Expolanka Holdings Rs. 2,426.9 mn (+1.9%), Browns Investments Rs. 2,420.6 mn (+0.0%), Vallibel One Rs. 776.3 mn (+11.2%), Hatton National Bank Rs. 773.9 mn (-0.9%) and Royal Ceramics Rs. 741.3 mn (+5.9%). Further, off-board transactions were witnessed in Hayleys (Rs. 38 mn), Windforce (Rs. 22 mn), Hatton National Bank (Voting) (Rs. 774 mn) and Commercial Bank (Rs. 21 mn)and yesterday.

Additionally, SMB Leasing (Non-Voting), E-Channelling, Nawaloka Hospitals, Kotagala Plantations and Agstar were the top price gainers yesterday whilst SMB Leasing (Voting), Prime Finance, Indo Malay and Union Chemicals were the top price lose Rs. Further, Browns Investments, Sierra Cables, Agstar, LOLC Finance and Royal Ceramics were amongst the most actively traded stocks yesterday.

Meanwhile, Sri Lanka’s health authorities had fully vaccinated eight million of its 30-years-and-older population against COVID-19 as of Wednesday (01.09.2021).