Colombo bourse returned to the red zone yesterday due to negative sentiments surrounding whilst trading on thin volumes. Thus, All-Share Price Index decreased by 145.7 points (-1.8%) to close at 8,028.1 for the day whilst S& P SL20
Index also dropped by 54.9 points (-2.2%) to close at 2,458.6. Expolanka Holdings, Lanka IOC, Hayleys, Melstacorp and Richard Pieris remained as the top negative contributors to the ASPI during the day.
Further, the broader market’s total turnover stood at Rs. 1,452.1 mn against the 12-month average daily turnover of Rs. 3,628.5 mn, whilst the volume traded for the day was 32,913.7k against the 12-month average daily volume of 192,036.8k.169,217.2k. Transportation, Capital Goods, Banks and Energy sectors mostly contributed to yesterday’s turnover.
The top turnover generators for yesterday were Lanka IOC Rs. 667.9 mn (-4.4%), Expolanka Holdings Rs. 139.2 mn (- 4.9%), CIC Holdings (Non-Voting) Rs. 119.3 mn (-2.1%), John Keells Holdings Rs.64.1 mn (-0.4%) and Hatton National Bank Rs.60.8 mn (-1.8%). Foreigners recorded a net outflow of Rs.47.3 mn for the week. Foreign purchases stood at Rs. 17.9 mn whilst total foreign sales amounted to Rs.65.2 mn.
Top foreign buying counters SUN LKR. 10.4 mn, SPEN LKR. 2.8 mn, BPPL LKR. 0.8 mn, EXPO LKR. 0.7 mn, REG LKR. 0.5 mn and AEL LKR.0.4 mn whilst top foreign selling counters were HNB LKR. (60.0) mn, JKH LKR. (2.6) mn, BALA LKR. (0.5) mn, BIL LKR. (0.4) mn, LOLC LKR. (0.4) mn and TAP LKR. (0.2) mn. Further, no off-board transactions were witnessed yesterday.
Additionally, Industrial Asphalts, Jetwing Symphony, United Motors, Orient Finance and Abans Finance were the top price gainers yesterday whilst HNB Finance, Tea Smallholder Factories, Madulsima Plantations, Laugfs Power and Malwatte Valley Plantations were the top price losers. Further, Browns Investments, Industrial Asphalts, Lanka IOC, CIC Holdings (Non-Voting) and LOLC Finance were amongst the most actively traded stocks yesterday.
Meanwhile, the Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 23 November 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at 14.50 % and 15.50 %, respectively.