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Staggering market turnover – Softlogic Stockbrokers

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Additionally, HCL Technologies, an India-based tech company has agreed to take up 80% or ~20 floors of the office tower “Offices” of Cinnamon Life, done by John Keells Holdings. Hence JKH is of the view that HCL’s commitment as the anchor office tenant at Cinnamon Life is to add immense value to the integrated mixed development project as a whole, as the office spaces are poised to attract a dynamic local and expatriate workforce. Expolanka Holdings, LOLC Holdings, Ceylon Cold Stores and Dipped Products remained as the top negative contributors to the ASPI during the day. Further, the broader market’s total turnover stood at LKR 5,682.2 mn against the 12-month average daily turnover of LKR 3,290.3 mn, whilst the volume traded for the day was 245,004.7k against the 12-month average daily volume of 185,265.3k. Transportation, Capital Goods and Food & Beverage were the main sectors that contributed to the daily turnover.

Expolanka Holdings led the pack yesterday recording a daily turnover of LKR 1,436.0 mn (-2.3%), followed by Browns InvestmentsLKR 840.4 mn (+1.5%), John Keells Holdings LKR 583.3 mn (+1.4%), Royal Ceramics LKR 307.6 mn (-0.7%), and Dipped Products LKR 215.4 mn (-1.5%) and Vallibel One LKR 350.6 mn (+9.8%). Foreigners were net sellers yesterday recording an outflow of LKR 266.7 mn during the day.

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