Friday, May 27, 2016

Sri Lanka *market update* ASPI close up 0.04-pct, Turnover Rs.1.0bn

ASPI close at 6,571.21, up 2.45 points or 0.04 percent with gains in Ceylon Tobacco Company, Nestle Lanka and John Keells Holdings, brokers said.  Turnover was 1.0 billion rupees. Top contributory counters towards the day’s turnover were Commercial Bank of Ceylon (Voting) LKR 799.3mn (USD 5,467.9.0k, -0.4%), John Keells Holdings (Voting) LKR 120.4mn (USD 823.3k, +0.5%), Swisstek Ceylon LKR 16.8mn (USD 114.7k, -2.5%), Royal Ceramics LKR 13.7mn (USD 93.9k, +0.8%), Access Engineering LKR 8.7mn (USD 59.6k, -0.9%). Foreign purchases amounted to LKR 252.6mn (USD 1,727.8k), whilst foreign sales amounted to LKR 909.6mn (USD 6,222.5k). This resulted in a net foreign outflow of LKR 657.0mn being recorded at the end of the day’s trading.  (4.00 p.m) 

Asian stocks were up following positive U.S data. Japan’s Nikkei .N225 nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent to a two-week high. The index was on track to gain 2.3 percent this week. The Shanghai Composite Index was poised for its sixth weekly loss in a row, the longest losing streak in almost four years. Benchmarks rose in Singapore, while declines were seen in Hong Kong and Shanghai. (08.00am) 

In Oil – Brent crude LCOc1 was down 0.1 percent at USD49.52 a barrel after surging to as high as USD50.51 on Thursday.  (08.00am)

 

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