Thursday, March 31, 2016

Sri Lanka *market update* ASPI close up 0.51-pct, USD/LKR spot nxt 147.80/148.00

The ASPI gained sharply due to price gains in index heavy stocks like Carson Cumberbatch, Commercial Bank, Ceylon Tobacco Company, Aitken Spense and Ceylinco Insurance. Crossings were recorded in Aitken Spence, Renuka Foods (Voting) and Sunshine Holdings. Foreign investors were net sellers during the day. The All Share Price Index gained 30.9 points to close at 6,071.9(+0.5%), while the S&P SL20 Index gained 16.2 points to close at 3,204.4 (+0.5%). Total turnover for the day stood at 690.9 million rupees. Foreign purchases amounted to LKR 216.1mn (USD 1,493.6k), whilst foreign sales amounted to LKR 255.1mn (USD 1,763.1k). This resulted in a net foreign outflow of LKR 39.0mn being recorded at the end of the day’s trading.  (March 31, 2016 4.15 p.m)

USD/LKR in the spot next market strengthened to 147.70/148.00, dealers said after hitting a high of  149.10/20 Thursday.

In Oil – Brent crude prices were down 0.53 percent to USD 39.05 per barrel. (March 31, 2016 08.15 a.m)

Asian shares were up on Thursday followed by gains in the US markets. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent. Australian stocks added 1.3 percent. Japan’s Nikkei was up 0.7 percent. New Zealand’s S&P/NZX 50 Index rose 0.4 percent. The Kospi index in Seoul swung between gains and losses. (March 31, 2016 7.40 a.m)

 

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