Further with news around the market that the business tycoon Dammika Perera (head of Vallibel ONE and many listed counters) tipping to step into politics, most of the companies under his ownership saw reasonable price gains during the day.
Thus, The All-Share Price Index increased by 108.4 points (+1.4%) to close at 7,881.1 whilst S&P SL20 Index also increased by 38.7 points (+1.5%) to close at 2,567.7. Royal Ceramics, Vallibel One, Hayleys, LOLC Holdings and Browns Investments remained as the top positive contributors to the ASPI during the day.
Further, broader market’s total turnover stood at Rs. 917.3 mn against the 12- month average daily turnover of Rs. 4,643.5 mn, whilst the volume traded for the day was 46,929.3k against the 12-month average daily volume of 224,880.4k. Capital Goods and Transportation mostly contributed to yesterday’s turnover. The top turnover generators for yesterday were Expolanka Holdings Lanka IOC Rs. 151.7 mn (+0.8%), Vallibel One Rs.117.2 mn (+20.1%), Lanka IOC Rs. 74.1 mn (-1.7%), Royal Ceramics Rs.71.9 mn (+10.5%) and Browns Investments Rs. 70.5 mn (+2.3%). Foreigners recorded a net inflow of Rs. 2.6 mn yesterday.
Foreign purchases stood at Rs. 12.9 mn whilst total foreign sales amounted to Rs. 10.4 mn. Top foreign buying counters BALA LKR.
2.7 mn, PARQ LKR. 2.6 mn, ASCO LKR. 0.9 mn, AAIC LKR. 0.9 mn, CIC LKR. 0.6 mn and RCL LKR. 0.6 mn whilst top foreign selling counters were HNB LKR. (2.7) mn, SAMP LKR. (1.5) mn, LOFC LKR. (0.8) mn, EXPO LKR. (0.7) mn, HAYL LKR. (0.7) mn and LWL LKR. (0.5) mn. Further, no off-board transactions were witnessed yesterday.
Additionally, SMB Leasing (Non-Voting), Industrial Asphalts, Vallibel One, Kandy Hotels and People’s Merchant Finance were the top price gainers yesterday whilst The Autodrome, Multi
Finance, Hotel Sigiriya, Asia Siyaka Commodities and Namunukula Plantations were the top price losers. Further, Browns Investments, SMB Leasing (Non-Voting), Vallibel One, LOLC Finance and Royal Ceramics were among the most actively traded stocks yesterday. Courtesy Softlogic Stockbrokers