Colombo bourse witnessed another lackluster trading session on Wednesday with both indices closing on flat note. All Share index edged lower by 2.08 index points or 0.03% to end at 6,434.89 while S&P SL20 index slightly down by 1.65 index points or 0.05% to close at 3,585.82.
Losses recorded in Dialog Axiata (closed at LKR 11.50, -0.9%), Dipped Products (closed at LKR 85.10, -5.3%) and Commercial Credit & Finance (closed at LKR 59.20, -1.5%) impacted the index performance negatively.
Daily market turnover was LKR 312mn. John Keells Holdings emerged as the top contributor to the turnover with LKR 79mn underpinned by a single negotiated transaction of 0.5mn shares at LKR 150.00. Counter accounted for 25% of the total turnover. Sampath Bank (LKR 30mn), Lion Brewery (LKR 28mn) and Access Engineering (LKR 20mn) were among top contributors.
Market breadth was negative where out of 200 traded counters, 70 slipped, 50 advanced while 80 scripts remained unchanged.
Tokyo Cement attracted high investor interest and stock closed with a gain of 0.8% at LKR 61.40. Access Engineering, Teejay Lanka and Galadari Hotels were among highly traded counters.
People’s Leasing & Finance declined by 0.6% to LKR 18.10 subsequent to the dip in profit in September quarter. Moreover, Ceylon Cold Stores advanced to LKR 635.30 (+2.5%) supported by 49%YoY earnings growth in 2QFY17.
Foreign investors were net sellers with a net foreign outflow of LKR 50mn, after eleven sessions of inflows. Foreign participation was 29%. Net foreign outflows were seen in John Keells Holdings (LKR 75mn), Commercial Bank non-voting (LKR 8mn) and Teejay Lanka (LKR 1bn). Net foreign inflow was mainly seen in Lion Brewery (LKR 17mn).
Meanwhile, at the Treasury bill auction today, both six month and one year treasury rates increased by 2bps and 5bps to 9.48% and 10.24% respectively. Three month treasury bills were rejected by the CBSL. CBSL received bids amounting to LKR 45.6bn and it was decided to accept LKR 7.6bn worth of Treasury bills.
Source: LSL
Market breadth was negative where out of 200 traded counters, 70 slipped, 50 advanced while 80 scripts remained unchanged.
Tokyo Cement attracted high investor interest and stock closed with a gain of 0.8% at LKR 61.40. Access Engineering, Teejay Lanka and Galadari Hotels were among highly traded counters.
People’s Leasing & Finance declined by 0.6% to LKR 18.10 subsequent to the dip in profit in September quarter. Moreover, Ceylon Cold Stores advanced to LKR 635.30 (+2.5%) supported by 49%YoY earnings growth in 2QFY17.
Foreign investors were net sellers with a net foreign outflow of LKR 50mn, after eleven sessions of inflows. Foreign participation was 29%. Net foreign outflows were seen in John Keells Holdings (LKR 75mn), Commercial Bank non-voting (LKR 8mn) and Teejay Lanka (LKR 1bn). Net foreign inflow was mainly seen in Lion Brewery (LKR 17mn).
Meanwhile, at the Treasury bill auction today, both six month and one year treasury rates increased by 2bps and 5bps to 9.48% and 10.24% respectively. Three month treasury bills were rejected by the CBSL. CBSL received bids amounting to LKR 45.6bn and it was decided to accept LKR 7.6bn worth of Treasury bills.
Source: LSL
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