Friday, September 9, 2016

Sri Lanka *market update* ASPI close down 0.1-pct, Nestle losses

The ASPI declined for the third consecutive day mainly due to the price dip in Nestle Lanka. The day’s total turnover was recorded sharply below the average twelve-month daily turnover to which John Keells Holdings (Voting) contributed the majority. There were no crossings recorded for the day.

The bourse saw net foreign selling during the day.The All Share Price Index lost 7.0 points to close at 6,494.9 (-0.1%), while the S&P SL20 Index gained 2.1 points to close at 3,581.4 (+0.1%). Total turnover for the day stood at LKR 303.2mn (USD 2,091.8k) vs. 12-months average daily turnover of LKR 920.8mn (USD 6,352.2k), whilst the volume traded for the day was 20,081k against the 12-month average daily volume of 36,058k. Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 44.4mn(USD 306.0k, 0.0%), Dialog Axiata LKR 27.4mn (USD 189.3k, 0.0%), ACL Cables LKR 26.1mn (USD 180.1k, -1.0%), John Keells Holdings (Warrant 23) LKR 17.7mn (USD 121.8k, +52.6%), National Development Bank LKR 14.5mn (USD 100.4k, +0.1%).Foreign purchases amounted to LKR 40.8mn (USD 281.5k), whilst foreign sales amounted to LKR 69.1mn (USD 476.5k). This resulted in a net foreign outflow of LKR 28.3mn being recorded at the end of the day’s trading.

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