Turnover & Market Capitalization
L O L C Holdings was the highest contributor to the week’s turnover value, contributing LKR 1.58Bn or 18.00% of the total turnover value. LB Finance followed suit, accounting for 7.14% of turnover (value of LKR 0.63Bn) while HNB[Non-Voting] contributed LKR 0.46Bn to account for 5.28% of the week’s turnover. Total turnover value amounted to LKR 8.78 Bn (cf. last week’s value of LKR 6.66 Bn), while the daily average turnover value amounted to LKR 1.76Bn (5.55% W-o-W) compared to last week’s average of LKR 1.66Bn. Market capitalization meanwhile, decreased by 0.80% W-o-W (or LKR 27.71 Bn) to LKR 3,429.86 Bn cf. LKR 3,457.57 Bn last week.
Liquidity (Value & Volume)
Diversified Financials Industry Group was the highest contributor to the week’s total turnover value, accounting for 29.99% (or LKR 2.63Bn) of market turnover. Industry Group’s turnover was driven primarily by L O L C Holdings and LB Finance accounted for 83.79% of the sector’s total turnover. Banks Industry Group meanwhile accounted for 17.52% of the total turnover value while Capital Goods Industry Group contributed 13.77% to the weekly turnover.
The Food Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 29.86% (or 97.14 Mn shares) of total volume, with a value contribution of LKR 0.86Bn. The Diversified Financials Industry Group followed suit, adding 20.04% to total volume (65.18 Mn shares) while Materials Industry Group contributed 11.56% (37.59 Mn shares) to the weekly share volume.
Company, DPS(Rs.), Dividend Type, Date(XD); LION BREWERY CEYLON PLC, 14.4, First interim, 7/7/2021; R I L PROPERTY PLC, 0.15, Final dividend, 2/8/2021; MALWATTE VALLEY PLANTATIONS PLC (VOTING), 0.1, Final dividend, 30/07/2021; MALWATTE VALLEY PLANTATIONS PLC (NON-VOTING), 0.1, Final dividend, 30/07/2021; PRINTCARE PLC, 1, Final dividend, 9/7/2021; PANASIAN POWER PLC, 0.14, Second interim, 9/7/2021; HATTON PLANTATIONS PLC, 0.5, First interim, 9/7/2021; PRIME LANDS RESIDENCIES LIMITED, 0.4, First interim, 9/7/2021.
Key Economic Indicators June Prime Lending Rate- 5.67%; Ave. Wtd. Deposit Rates- 4.87%; Ave. Wtd. Fixed Dep. Rates- 5.82%; CCPI Inflation Y-o-Y %- 5.2%.
Net Foreign Position
Foreign investors were net sellers this week with a total net outflow amounting to LKR 0.54 Bn relative to last week’s total net outflow of LKR 0.25 Bn (-111.7% W-o-W).
Total foreign purchases decreased by 60.30% W-o-W to LKR 0.21Bn from last week’s value of LKR 0.53Bn, while total foreign sales amounted to LKR 0.75Bn relative to LKR 0.79Bn recorded last week (-4.9% W-o-W).