Monday, April 18, 2016

Sri Lanka *market update* ASPI close at 0.3-pct

ASPI closed at 6,382.31, down 19.01 points or 0.30 percent with losses in some finance and banking sector stocks like Commercial Leasing Company and Lanka Orix Leasing and DFCC Bank,brokers said. Turnover was 674 million rupees.Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 153.9mn (USD 1,063.2k, +0.8%), Hatton National Bank (Voting) LKR 105.9mn (USD 731.2k, -0.2%), LB Finance LKR 83.4mn (USD 576.1k, -0.6%) Tess Agro (Voting) LKR 63.2 (USD 436.3k, +6.3%), Namal Acuity Value Fund LKR 60.0mn (USD 414.7k, -3.3%). · Foreign purchases amounted to LKR 48.1mn (USD 332.1k), whilst foreign sales amounted to LKR 269.5mn (USD 1,862.0k). This resulted in a net foreign outflow of LKR 221.5mn being recorded at the end of the day’s trading. · Market capitalization stood at LKR 2,719.5bn. YTD performance of the ASPI is -7.4%. (updated)

Asian stocks kicked-off the week on a bearish note, as failed Doha meeting to reach an oil output freeze deal combined weighed heavily on the market’s. Negotiations in Doha over the first global oil deal failed to reach an agreement on Sunday. The Japanese benchmark Nikkei dropped 3.03 percent  to 16,342 points, while USD/JPY sinks -0.78 percent  to 107.90. The Australian markets – The benchmark S&P/ASX 200 index drops -0.25% to 5,144. The Chinese equities also followed suit and kept losses, with the benchmark Shanghai Composite index dropping 1.39 percent, the CSI300 index slides -1.15 percent, while Hong Kong’s Hang Seng lost 0.92 percemt to trade around 21,140 levels. Apr 18, 2016 08.30 a.m

Brent crude futures tumbled about 4.6 percent to 41.10 US dollars while U.S. crude slid about 5.2 percent to 38.26 US dollars. Apr 18, 2016 08.30 a.m

 

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