Turnover soars over Rs. 12 Bn reaching record 2 year high

The bourse ended in the green zone with a marginal 3 point gain in the index. ASPI was quite volatile yesterday with the index fluctuating between red and green reaching a 27 point high towards midday but fell again towards the latter ending the day at 10,528.

The largest positive contributors to the index were RICH, COMB and RCL whilst the largest negative contributors were CINS, MELS and DFCC. An increased interest in primary sector counters was observed yesterday especially on FCT and CALT.

Bourse Yesterday observed a record 2 year high daily turnover of LKR 12.2Bn whichis 1427% higher than the average monthly turnover of LKR 799 Mn. This high turnover was a result of a large off board transaction on JKH of 62 Mn shares at LKR 183 which amounted to LKR 11.3Bn. Foreign investors remained  net sellers, with a net foreign outflow of LKR 125.7Mn. JKH and SAMP led theoverall turnover while JKH contributed LKR 11.5Bn (94%) and SAMP contributed LKR 85.4Mn (1%). Meanwhile, JKH dominated the market volumewith 63.1Mn shares (70%) while BIL was the second largest contributor with 4.3Mn shares (5%). Overall volume increased to 90.1Mn.

Foreign investors remained net sellers recording a net foreign outflow of LKR 125.7Mn, amidst high participation. Accordingly, TKYO.X, PABC and LIOC were the top three shares to lead foreign inflow while JKH, SAMP and COMB were the three counters recording the largest foreign outflow.

First Capital Research   

The post Turnover soars over Rs. 12 Bn reaching record 2 year high appeared first on DailyNews.