Thursday, July 28, 2016

Sri Lanka *market update* ASPI close up 0.2-pct, Dialog highest contribution

The ASPI gained marginally due to price gains in stocks such as CT Holdings, Commercial Bank, Hemas Holdings, Distilleries Company and Lanka Orix Leasing Company. Index gains were restricted by price dips in Sri Lanka Telecom and John Keells Holdings.The day’s total turnover was recorded above the average twelve month daily turnover to which Dialog Axiata made the highest contribution. Dialog Axiata traded actively by way of four crossings and some block trades during the day. Foreign investors were net buyers during the day.

The All Share Price Index gained 9.7 points to close at 6,392.2 (+0.2%), while the S&P SL20 Index
gained 12.9 points to close at 3,414.7 (+0.4%). Total turnover for the day stood at LKR 991.5mn (USD 6,796.5k) vs. 12-months average daily turnover of LKR 945.9mn (USD 6,483.9k), whilst the volume traded for the day was 74,437k against the 12-month average daily volume of 37,088k. Top contributory counters towards the day’s turnover were Dialog Axiata LKR 470.8mn (USD 3,227.2k, 0.0%), Hemas Holdings LKR 179.6mn (USD 1,231.0k, +2.3%), John Keells Holdings LKR 33.8mn (USD 231.8k, -0.2%), LB Finance LKR 33.3mn (USD 228.4k, +1.2%), People’s Leasing & Finance LKR 31.4mn (USD 215.4k, -0.5%). Foreign purchases amounted to LKR 748.1mn (USD 5,128.3k), whilst foreign sales amounted to LKR 730.8mn (USD 5,009.3k). This resulted in a net foreign inflow of LKR 17.4mn being recorded at the end of the day’s trading.

Over 23 million shares of Dialog Axaita was traded at 11.00 rupees, Thursday. The stock is now trading at 11.10 rupees, up 0.10 rupees

 

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