CSE gains 4.4% in January

The Colombo Bourse closed positive in January, with the benchmark All Share Price Index (ASPI) gaining 4.4% MoM to 8,865 points (an increase of 375 index points MoM).

Meanwhile, the more liquid S&P SL20 index increased +4.9% MoM to 2,765 points (an increase of 129 index points) according to CT CLSA Securities (PVT) LTD monthly review on the Stock Market.

Average daily turnover decreased to Rs. 1,857 mn in January 2023 (vs. Rs. 2,387 mn in December 2022).

Top contributors to monthly turnover were Softlogic Capital (SCAP, Rs.6,595 mn, 445 mn shares), Softlogic Life Insurance (AAIC, Rs. 3,435 mn, 32 mn shares), and Lanka IOC (LIOC, Rs. 3,260 mn, 16mnshares).

Net foreign inflows decreased to Rs.413mn in January 2023 following a net foreign inflow of Rs. 13,039 mn in December 2022.

During the month, net foreign buying was seen in Hemas Holdings (HHL, +Rs.289 mn), John Keells Holdings (JKH, +Rs. 156 mn), and Browns Investments (BIL, +Rs. 55 mn), whilst net foreign selling was seen in Hatton National Bank (HNB, -Rs. 155 mn), LOLC Finance (LOFC, -Rs.103mn), and Melstacorp (MELS, -Rs .64 mn).