Sri Lanka *market update* ASPI close up 0.5-pct, Turnover Rs.562.6mn

ASPI trading at 6,401.31, up 29.07 points or 0.46 percent with gains in Dialog Axaita and  Commercial Bank, brokers said. The day’s total turnover was recorded at moderate level to which Hayleys Fibre made the highest contribution. Crossings were recorded in Commercial Bank of Ceylon (Voting) and Lanka Orix Leasing Company. Total turnover for the day stood at LKR 562.6mn (USD 3,854.5k) vs. 12-months average daily turnover of LKR 957.2mn (USD 6,558.5k), whilst the volume traded for the day was 33,941k against the 12-month average daily volume of 36,628k. Top contributory counters towards the day’s turnover were Hayleys Fibre LKR 72.8mn (USD 499.1k, +37.2%), Seylan Bank (Voting) LKR 38.2mn (USD 261.4k, +0.8%), Chevron Lubricants Lanka LKR 31.9mn (USD 218.7k, +2.2%), Commercial Bank of Ceylon (Voting) LKR 31.9mn (USD 218.6k, +1.4%), Aitken Spence Hotel Holdings LKR 29.3mn (USD 200.9k, +1.3%). Foreign purchases amounted to LKR 62.7mn (USD 429.4k), whilst foreign sales amounted to LKR 60.4mn (USD 414.1k). This resulted in a net foreign inflow of LKR 2.2mn being recorded at the end of the day’s trading