The Bourse ended the week on a positive note this week with ASPI increasing by 317.24 points (or 2.70%) to close at 12,070.68 points, while the S&P SL20 Index also increased by 0.16 points (or 0.0%) to close at 4,253.83 points.
Turnover & Market Capitalization
Lanka IOC was the highest contributor to the week’s turnover value, contributing LKR 3.60Bn or 15.87% of the total turnover value. Expolanka followed suit, accounting for 9.98% of turnover (value of LKR 2.27Bn) while Prime Finance contributed LKR 2.15 Bn to account for 9.49% of the week’s turnover.
Total turnover value amounted to LKR 22.70 Bn (cf. last week’s value of LKR 37.30 Bn), while the daily average turnover value amounted to LKR 4.54 Bn (-39.15% W-o-W) compared to last week’s average of LKR 7.46 Bn. Market capitalization meanwhile, increased by 2.88 % W-o-W (or LKR 151.47 Bn) to LKR 5,403.45 Bn cf. LKR 5,251.98 Bn last week.
Liquidity (Value & Volume)
Diversified Financials Industry Group was the highest contributor to the week’s total turnover value, accounting for 17.56% (or LKR 3.99Bn) of market turnover.
Industry Group’s turnover was driven primarily by Prime Finance which accounted for 54.01% of the sector’s total turnover.
Capital Goods Group meanwhile accounted for 17.26% of the total turnover value while Energy Industry Group contributed 15.99% to the weekly turnover.
The Diversified Financials Industry Group dominated the market in terms of share volume, accounting for 40.68% (or 398.57 Mn shares) of total volume, with a value contribution of LKR 3.99Bn.
The Food Beverage & Tobacco Industry Group followed suit, adding 15.30% to total volume (146.54 Mn shares) while Insurance Group contributed 9.42% (90.18 Mn shares) to the weekly share volume.
Cash Dividend; Company, DPS(Rs.), Dividend Type, Date (XD); TALAWAKELLE TEA ESTATES PLC, 0.65, First interim, 29-Dec-21.
Scrip Dividend; Company, Proportion, Dividend Type, No. of shares; PEOPLE’S LEASING & FINANCE PLC, 01:21.4, Scrip Dividend, 84,249,776.
Key Economic Indicators November; Prime Lending Rate- 7.89%; Ave. Wtd. Deposit Rates- 4.82%; Ave. Wtd.
Fixed Dep. Rates- 5.75%; CCPI Inflation Y-o-Y- 9.9%.
Net Foreign Position
Foreign investors were net sellers this week with a total net outflow amounting to LKR 0.10 Bn relative to last week’s total net outflow of LKR 0.58 Bn (83% W-o-W). Total foreign purchases decreased by 53.8% W-o-W to LKR 0.33Bn from last week’s value of LKR 0.72Bn, while total foreign sales amounted to LKR 0.43Bn relative to LKR 1.30Bn recorded last week (-66.9% W-o-W).