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Bourse in green territory yesterday

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Expolanka Holdings, John Keells Holdings, LOLC Holdings, Hayleys and Melstacorp remained as the top positive contributors to the ASPI during the day. Further, broader market’s total turnover stood at Rs.2,023.5 mn against the 12-month average daily turnover of Rs.3,955.8 mn, whilst the volume traded for the day was 100,186.3k against the 12-month average daily volume of 215,400.4k. Capital Goods, Transportation and Food and Beverage sectors mostly contributed to yesterday’s turnover.

The top traded counters for yesterday were Expolanka Holdings Rs. 769.0 mn (+2.9%), Browns Investment Rs. 194.2 mn (+1.1%), Melstacorp Rs. 98.3 mn (+2.8%), Kotagala Plantations Rs. 87.9 mn (+17.7%) and John Keells Holdings Rs. 69.9 mn (+2.1%). Foreigners were net sellers yesterday recording an outflow of Rs32.2 mn during the day.

Foreign purchases stood at Rs. 30.9 mn which were approximately witnessed in Hatton National Bank, Lanka Tiles, Lanka Milk Foods and Melstacorp whilst total foreign sales amounted to Rs. 63.1 million, assumed to be seen in John Keells Holdings, Commercial Bank, Expolanka and Tokyo Cement (Non-Voting).

Further, off-board transactions were witnessed in Royal Ceramics (Rs.32.8 mn) and Union Bank (Rs. 42.8 mn) yesterday.

Meanwhile, the Asian Development Bank (ADB) lowered Sri Lanka’s 2021 GDP growth forecast to 3.4% from 4.1% estimated on April 21.

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