Tuesday, August 16, 2016

Sri Lanka *market update* ASPI close down 0.1-pct, Net foreign selling

The ASPI declined marginally mainly due to the number of declines (90) outpacing the number of advances (67). Price gains in stocks such as John Keells Holdings, Dialog Axiata, Commercial Leasing and Finance and CT Holdings helped in reducing index losses. The day’s turnover was recorded at moderate levels to which National Development Bank made the highest contribution, assisted by a crossing and some block trades on the normal board. The bourse saw net foreign selling during the day. The All Share Price Index lost 4.7 points to close at 6,578.0 (-0.1%), while the S&P SL20 Index gained m4.9 points to close at 3,606.5 (+0.1%).


Total turnover for the day stood at LKR 851.7mn (USD 5,862.2k) vs. 12-months average daily turnover of LKR 943.3mn (USD 6,492.3k), whilst the volume traded for the day was 34,405k against the 12-month average daily volume of 36,922k. Top contributory counters towards the day’s turnover were National Development Bank LKR 170.9mn (USD 1,176.5k, +0.6%),John Keells Holdings (Voting) LKR 112.6mn (USD 775.1k, +0.9%), Lanka IOC LKR 80.4mn (USD 553.4k, +1.0%), Tokyo Cement Company (Non-voting) LKR 74.9mn (USD 515.4k, +2.7%), Lanka Orix Leasing LKR 35.8mn (USD 246.1k, -0.1%). Foreign purchases amounted to LKR 104.2mn (USD 717.4k), whilst foreign sales amounted to LKR 194.1mn (USD 1,335.9k). This resulted in a net foreign outflow of LKR 89.9mn being recorded at the end of the day’s trading

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