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Bourse marks highest index point since February

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Thus, the All Share Price Index increased by 74.5 points (+0.9%) to close at 8,222.6 whilst the S&P SL20 Index also climbed by 38.8 points (+1.3%) to close the day at 3,111.2.

Expolanka Holdings, LOLC Holdings, Vallibel One, John Keells Holdings and Royal Ceramics remained as the top positive contributors to the ASPI during the day.

Further, broader market’s total turnover stood at LKR 6,647.5 mn against the 12-month average daily turnover of LKR 3,270.3 mn, whilst the volume traded for the day was 282,302.2 k against the 12-month average daily volume of 184,436.1k. Transportation, Capital Goods, Food and Beverage and Materials were the main sectors that contributed to the daily turnover.

Expolanka Holdings led the pack yesterday recording a daily turnover of LKR 1,885.0 mn (+8.4%), followed by Browns Investments LKR 688.2 mn (+1.5%), Royal Ceramics LKR514.7 mn (+4.0%), Teejay Lanka LKR 419.9 mn (+3.6%) and Vallibel One LK R350.6 mn (+9.8%). Foreigners were net sellers yesterday recording an outflow of LKR490.9 mn during the day.

Foreign purchases stood at LKR 136.6 mn which were approximately witnessed in ACL Cables, Melstacorp, Dipped Products and Three Acre Farms whilst total foreign sales amounted to LKR 627.5 mn, assumed to be seen in Teejay Lanka, John Keells Holdings, Nestle Lanka and Expolanka Holdings. Further, off-board transactions were seen in John Keells Holdings, Teejay Lanka, Hayleys, Grain Elevators, LOLC Holdings and Royal Ceramics yesterday.

Additionally, Chevron Lubricants, Expolanka Holdings, Mahaweli Coconut Plantations and HNB Finance touched their 52-week high prices whilst HNB Assurance, Prime Land Residencies and Kotagala Plantations witnessed the 52-week low price points yesterday. Further, Browns Investments, SMB Leasing (Non-Voting), Expolanka Holdings and Royal Ceramics were amongst the most actively traded stocks yesterday.

Moreover, interim results of Alumex was released yesterday reporting net profit of LKR 65 Mn (+>100), 1QFY22 YoY profit growth was mainly steered by higher revenue growth, improved margins and reduced net finance costs. However, on a QoQ basis notable decline in margin was observed as gross margin declined to 21% in 1QFY22 cf. 33% in 4QFY21.

The decline could be due to higher aluminum prices and freight rates.

We apologize to our readers that due to unavoidable circumstance we are unable to publish the Market report.

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