Wednesday, September 21, 2016

Sri Lanka *market update* ASPI gains 0.3-pct, Net foreign inflow Rs. 28.9Mn

The ASPI gained sharply due to price increases in John Keells Holdings, Sri Lanka Telecom, Ceylinco Insurance, Teejay Lanka and Dialog Axiata. The day’s total turnover crossed the LKR 1.4bn mark to which National Development Bank contributed the majority with the assistance of three crossings. Crossings were also recorded in John Keells Holdings (Voting) and Hatton National Bank (Voting). The Bourse saw net foreign buying during the day.


The All Share Price Index gained 21.7 points to close at 6,451.6 (+0.3%), while the S&P SL20 Index gained 13.8 points to close at 3,565.9 (+0.4%). Total turnover for the day stood at LKR 1,432.9mn (USD 9,824.1k) vs. 12-months average daily turnover of LKR 910.7mn (USD 6,243.7k), whilst the volume traded for the day was 34,172k against the 12-month average daily volume of 35,985k. Top contributory counters towards the day’s turnover were National Development Bank LKR 502.8mn (USD 3,446.8k, 0.0%), John Keells Holdings (Voting) LKR 376.5mn (USD 2,581.0k, +1.1%), Hatton National Bank (Voting) LKR 78.7mn (USD 539.5k, -0.4%), Commercial Bank of Ceylon (Voting) LKR 78.2mn (USD 536.2k, +0.1%), Sampath Bank LKR 40.3mn (USD 276.0k, +0.4%). Foreign purchases amounted to LKR 667.7mn (USD 4,577.4k), whilst foreign sales amounted to LKR 638.8mn (USD 4,379.3k). This resulted in a net foreign inflow of LKR 28.9mn being recorded at the end of the day’s trading

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