Monday, July 11, 2016

Sri Lanka *market update* ASPI close up 0.1-pct, Turnover Rs.958.3mn

The ASPI gained marginally due to price gains in Commercial Bank of Ceylon. The day’s total turnover was recorded at moderate level to which John Keells Holdings (Voting) made the highest contribution assisted by six crossings. Crossings were also recorded in Seylan Bank and Lanka Orix Leasing Company. Foreign investors were net buyers during the day. The All Share Price Index gained 5.9 points to close at 6,372.2 (+0.1%), while the S&P SL20 Index gained 11.0 points to close at 3,374.3 (+0.3%). Total turnover for the day stood at LKR 878.8mn (USD 6,028.0k) vs. 12-months average daily turnover of LKR 958.3mn (USD 6,028.0k), whilst the volume traded for the day was 44,805k against the 12-month average daily volume of 36,635k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 432.8mn (USD 2,968.5k, +0.3%), Seylan Bank LKR 183.3mn (USD 1,257.3k, +3.9%), John Keells Holdings (W23) LKR 51.1mn (USD 350.7k, -5.4%), Lanka Orix Leasing Company LKR 24.4mn (USD 167.6k, – 0.1%), Blue Diamonds Jewellery (Voting) LKR 23.8mn (USD 163.2k, +30.8%). · Foreign purchases amounted to LKR 427.2mn (USD 2,930.7k), whilst foreign sales amounted to LKR 82.7mn (USD 567.5k). This resulted in a net foreign inflow of LKR 344.5mn being recorded at the end of the day’s trading.

Sri Lanka has launched sovereign bonds seeking 5 and 10 year funds with Citi, Deutsche Bank, HSBC and Standard Chartered as lead managers, a Bloomberg media report said. The indicative price are 6.125 percent and 7.125 percent range.

 

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