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Bourse rises on festive mood – Acuity Stockbrokers

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The Bourse ended the week on a positive note this week with ASPI increasing by 359.96 points (or 3.16%) to close at 11,753.44 points, while the S&P SL20 Index also increased by 179.04 points (or 4.39%) to close at 4,253.67 points.

Turnover & Market Capitalization

Expolanka was the highest contributor to the week’s turnover value, contributing LKR 6.84Bn or 18.34% of total turnover value. Hayleys followed suit, accounting for 15.63% of turnover (value of LKR 5.83Bn) while Browns Investments contributed LKR 2.60Bn to account for 6.96% of the week’s turnover. Total turnover value amounted to LKR 37.30 Bn (cf. last week’s value of LKR 30.92 Bn), while the daily average turnover value amounted to LKR 7.46 Bn (20.64% W-o-W) compared to last week’s average of LKR 6.18 Bn. Market capitalization meanwhile, increased by 3.29% W-o-W (or LKR 167.24 Bn) to LKR 5,251.98 Bn cf. LKR 5,084.73 Bn last week.

Liquidity (Value & Volume)

Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 30.73% (or LKR 11.46Bn) of market turnover. Industry Group’s turnover was driven primarily by Hayleys, Browns, ACL and Royal Ceramic which accounted for 75.02% of the sector’s total turnover. Transportation Industry Group meanwhile accounted for 18.35% of the total turnover value while Diversified Financials Industry Group contributed 14.47% to the weekly turnover.

The Diversified Financials Industry Group dominated the market in terms of share volume, accounting for 47.74% (or 1,095.07 Mn shares) of total volume, with a value contribution of LKR 5.40Bn. The Materials Industry Group followed suit, adding 21.36% to total volume (489.96 Mn shares) while Food Beverage & Tobacco Industry Group contributed 9.66% (221.66 Mn shares) to the weekly share volume.

Key Economic Indicators

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 0.58 Bn relative to last week’s total net outflow of LKR 0.06 Bn (-845.7% W-o-W). Total foreign purchases increased by 48.7% W-o-W to LKR 0.72Bn from last week’s value of LKR 0.48Bn, while total foreign sales amounted to LKR 1.30 Bn relative to LKR 0.54Bn recorded last week (139.0% W-o-W).

Monday, December 20, 2021 – 01:00

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