Wednesday, August 3, 2016

Sri Lanka *market update* ASPI close up 0.1-pct, Turnover Rs.1.4bn

ASPI closed at 6,511.58, up 8.28 points or 0.13 percent with gains seen in Banking and Finance sector stocks, brokers said. Turnover 1.4 million rupees. The ASPI gained for the fifth straight session due to price gains in Commercial Bank, Lanka Orix Leasing Company, John Keells Holdings, Carson Cumberbatch and Lanka Orix Finance.

The day’s total turnover was recorded above the average twelve month daily turnover to which John Keells Holdings made the highest contribution with the assistance of two crossings. Crossings were also recorded in Chevron Lubricants and Distilleries Company of Sri Lanka.The bourse saw net foreign buying during the day. The All Share Price Index gained 8.3 points to close at 6,511.6 (+0.1%), while the S&P SL20 Index gained 4.4 points to close at 3,534.1 (+0.1%). Total turnover for the day stood at LKR 1,410.0mn (USD 9,664.4k) vs. 12-months average daily turnover of LKR 947.1mn (USD 6,491.7k), whilst the volume traded for the day was 43,585k against the 12-month average daily volume of 37,194k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 370.7mn (USD 2,540.6k, +0.6%), Chevron Lubricants LKR 241.3mn (USD 1,653.8k, -1.3%), Distilleries Company of Sri Lanka LKR 94.9mn (USD 650.3k, -2.2%), Alumex LKR 54.8mn (USD 375.3k, +2.7%),
Sampath Bank LKR 46.8mn (USD 320.6k, +0.5%). Foreign purchases amounted to LKR 487.2mn (USD 3,339.0k), whilst foreign sales amounted to LKR 463.1mn (USD 3,173.8k). This resulted in a net foreign inflow of LKR 24.1mn being recorded at the end of the day’s trading.

 

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