Friday, April 1, 2016

Sri Lanka *market update* ASPI close up 0.2-pct, USD/LKR 1wk fwd 146.50/90

ASPI close at 6,083.01, up 11.13 points or 0.18 percent with continued gains in some index heavy stocks, brokers said. Turnover was 2 billion rupees with 152 counters making gains and 42 counters recording losses. Top contributory counters towards the day’s turnover were Asiri Hospital Holdings LKR 1,166.6mn (USD 8,030.4k, +1.3%), Hatton National Bank (Voting) LKR 247.7mn (USD 1,704.9k, +0.4%), John Keells Holdings (Voting) LKR 152.4mn (USD 1,049.2k, +0.7%) Aitken Spense LKR 72.5 (USD 499.1k, -1.4%), Sampath Bank LKR 52.0mn (USD 357.9k, +0.0%). Foreign purchases amounted to LKR 341.9mn (USD 2,353.6k), whilst foreign sales amounted to LKR 577.4mn (USD 3,974.3k). This resulted in a net foreign outflow of LKR 235.4mn being recorded at the end of the day’s trading. Market capitalization stood at LKR 2,590.9bn. 

USD/LKR spot next 146.30/70 and One week forwards are quoted at 146.50/90, dealers said. Apr 01, 2016 2.15 p.m

Asian were down shares after a negative day in the US, Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.5 percent, while the Nikkei lost 1.2 percent. The Australian market lost 1 percent as concerns about bad debts in its banking sector. Apr 01, 2016 8.15 a.m

In oil – Worries about oversupply still remain.  U.S. crude CLc1 was down 26 cents at $38.08 a barrel on Friday. Brent LCOc1 dropped 28 cents to $40.05. Apr 01, 2016 8.15 a.m

 

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