Wednesday, June 1, 2016

Sri Lanka *market update* ASPI close down 0.1-pct, Turnover Rs.618Mn

ASPI closed at 6,542.75, down 7.76 points or 0.12 percent with losses in some Telecom sector stocks, brokers said. Turnover was 618 million rupees. Total turnover for the day stood at LKR 618.1mn (USD 4,194.4k) vs. 12-months average daily turnover of LKR 1,021.0mn (USD 6,928.3k), whilst the volume traded for the day was 18,613.8k against the 12- month average daily volume of 39,067k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 252.0mn (USD 1,710.1k,-0.1%), Commercial Bank (Voting) LKR 117.1mn (USD 794.8k, +0.2%), Hemas Holdings LKR 36.2mn (USD 245.5k, +0.8%), Textured Jersey Lanka LKR 31.7mn (USD 215.3k, +2.0%), Distilleries Company of Sri Lanka LKR 26.1mn (USD 177.1k, 0.0%). Foreign purchases amounted to LKR 385.7mn (USD 2617.6k), whilst foreign sales amounted to LKR 421.2mn (USD 2,858.0k). This resulted in a net foreign outflow of LKR 35.4mn being recorded at the end of the day’s trading. (3.30 p.m)

Asian stocks were down on Wednesday following an oil price decline. Japan’s Nikkei lost 0.6 percent as the yen firmed. Other decliners included Australian stocks, which fell 0.9 percent. Shanghai see-sawed in and out of negative mode. MSCI’s broadest index of Asia-Pacific shares outside Japan recovered from an earlier dip and crawled up 0.1 percent. Hong Kong’s Hang Seng rose 0.1 percent, while South Korea’s KOSPI was flat.

In Oil – Crude oil prices pulled back from eight-month high of last week. U.S. crude was last down 0.2 percent at USD49.02 a barrel and Brent fell 0.3 percent to USD49.75.

 

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