Tuesday, August 30, 2016

Sri Lanka *market update* ASPI close flat, Turnover Rs. 727mn

The ASPI gained marginally due to price gains in stocks such as Lanka Orix Leasing, Overseas Reality,
The Lanka Hospital Corporation, Lanka IOC, and Access Engineering.The day’s turnover was recorded at moderate levels to which Ceylon Grain Elevators made the highest contribution assisted by three crossings.Two crossings were also recorded in John Keells Holdings (Voting). Foreign investors were net sellers during the day.The All Share Price Index gained 1.6 points to close at 6,541.8 (+0.0%), while the S&P SL20 Index lost 6.1 points to close at 3,579.6 (-0.2%).Total turnover for the day stood at LKR 727.3mn (USD 4,998.3k) vs. 12-months average daily turnover of LKR 937.7mn (USD 6,444.0k), whilst the volume traded for the day was 21,596k against the 12-month average daily volume of 36,938k.Top contributory counters towards the day’s turnover were Ceylon Grain Elevators LKR 275.3mn (USD 1,891.7k, +4.8%), John Keells Holdings (Voting) LKR 136.2mn (USD 936.0k, -0.3%), The
KingsburyLKR 39.8mn (USD 273.8k, +5.0%), Lanka IOCLKR 21.7mn (USD 149.5k, +2.7%), Access Engineering LKR17.9mn (USD 122.8k, +1.6%). NForeign purchases amounted to LKR 119.2mn (USD 818.9k), whilst foreign sales amounted to LKR 344.9mn (USD 2,370.5k). This resulted in a net foreign outflow of LKR 225.8mn being recorded at the end of the day’s trading.

The spot rupee ended at 145.60/65 per dollar, compared with Friday’s close of 145.75/85, while one-week rupee forwards closed at 145.75/85, compared with the previous close of 145.95/146.00. The Sri Lankan rupee ended firmer on Monday as exporter dollar sales surpassed importer demand for the greenback, dealers said.

 

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