Friday, May 6, 2016

Sri Lanka *market update* ASPI close up 0.2-pct, Turnover Rs. 701Mn

The ASPI gained marginally mainly due to the price increases in Sri Lanka Telecom. The day’s total turnover was recorded at moderate levels to which Distilleries Company of Sri Lanka contributed the majority, assisted by two crossings and some block trades on the normal board. The All Share Price Index gained 14.1 points to close at 6,592.5 (+0.2%), while the S&P SL20 Index lost 3.7 points to close at 3,471.4(-0.1 %). Total turnover for the day stood at LKR 701.2mn (USD 4,819.7k) vs. 12-months average daily turnover of LKR 1,067.9mn (USD 7,339.5k), whilst the volume traded for the day was 27,530k against the 12-month average daily volume of 42,014k. Top contributory counters towards the day’s turnover were Distilleries Company of Sri Lanka LKR 215.0mn (USD 1,477.8k, -0.9%), Commercial Bank of Ceylon (Non-voting) LKR 117.2mn (USD 805.7k, 0.0%), Commercial Bank of Ceylon (Voting) LKR 74.9mn (USD 514.8k, -0.3%) Singer Sri Lanka LKR 24.0mn (USD 164.9k, +2.6%), Ceylon Grain Elevators LKR 17.1mn. Foreign purchases amounted to LKR 383.9mn (USD 2,638.4k), whilst foreign sales amounted to LKR 312.2mn (USD 2,145.5k). This resulted in a net foreign inflow of LKR 71.7mn.

Stock losses deepened in Asia, with regional equities headed for the biggest weekly loss since February, media reports said. The MSCI Asia Pacific Index dropped 0.6 percent – set for a weekly decline of 3.4 percent. Japan’s Topix index fell 0.6 percent from Monday’s close. Futures on the S&P 500 were little changed after the U.S. benchmark fell less than 01. percent on Thursday.  (May 05, 2016 08.00 a.m)

 

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