Colombo bourse in red
Colombo bourse witnessed ASPI hike during the mid of the trading time but settled in red at the end the trading session amidst fuel price revision and after World Bank expressing that cannot give new loans to Sri Lanka until a proper economic plan is in place.
Thus, The All-Share Price Index decreased by 23.3 points (-0.3%) to close at 8,370.2 whilst S& P SL20 Index also declined by 36.4 points (-1.3%) to close at 2,780.0. John Keells Holdings, Expolanka, Hayleys, National
Development Bank and Aitken Spence remained as the top negative contributors to the ASPI during the day. Further, broader market’s total turnover stood at Rs. 1,659.9 mn against the 12-month average daily turnover of Rs. 4,678.0 mn, whilst the volume traded for the day was 72,152.9k against the 12-month average daily volume of 226,227.9k. Capital Goods, Transportation and Transportation mostly contributed to yesterday’s turnover.
The top turnover generators for yesterday were Lanka IOC Rs.466.8 mn (+10.6%), Expolanka Holdings Rs. 270.2 mn (-1.7%), Browns Investments Rs. 202.8 mn (+1.1%), LOLC Finance Rs.79.5 mn (-4.0%) and CT Holdings Rs. 73.7 mn (+0.2%). Foreigners recorded a net outflow of Rs. 11.6 mn yesterday. Foreign purchases stood at Rs. 115.3 mn whilst total foreign sales amounted to Rs. 126.9 mn. Top foreign buying CARG LKR. 3.7 mn, ASIY LKR. 3.3 mn, BALA Rs. 3. mn,
DFCC LKR. 2.2 mn, HBS LKR. 1.6 mn and NDB LKR. 1.4 mn whilst top foreign selling counters JKH LKR. (14.9) mn, RCL LKR. (4.9) mn, RICH LKR. (3.9) mn, AGST LKR. (2.7) mn, LWL LKR. (1.6) mn and LMF LKR. (1.2) mn. Further, no off- board transactions were witnessed yesterday.
Additionally, SMB Leasing (Non-Voting), Acme Printing & Packaging, The Light House Hotel, Renuka Hotels and Ceylon Beverage Holdings were the top price gainers yesterday whilst Laugfs Power, Marawila Resorts, Amaya Leisure, Kelani Cables and Brown & Co. were the top price losers. Further, Browns Investments, LOLC Finance,Lanka IOC, Asia Siyaka Commodities and Amana Bank were amongst the most actively traded stocks yesterday.
Courtesy Softlogic Stockbrokersw