Monday 10 October 2016

Colombo Stock Exchange Market Review – 10th Oct 2016

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Colombo Stock Exchange Trade Summary 10-Oct-2016


Colombo bourse closed lower on Monday amid lackluster trading session. All Share index declined by 19.84 index or 0.30% to end at 6,562.50 while 20-scrip S&P SL index marginally dipped by 3.25 index points or 0.09% to close at 3,661.23.

Price depreciations in Nestle Lanka (closed at LKR 2,013.00, -4.2%), Ceylon Tobacco (closed at LKR 865.00, -0.6%) and Commercial Credit & Finance (closed at LKR 65.60, -3.5%) drove the index down. Ceylon Cold Stores (closed at LKR 641.70, +1.6%) and Asian Hotels & Properties (closed at LKR 62.00, +3.2%) contributed positively to the index.

Daily market turnover was LKR 336mn. John Keells Holdings (LKR 48mn) was the top contributor to the turnover with LKR 48mn followed by Ceylon Tobacco (LKR 46mn), Lanka Developments (LKR 28mn) and Tokyo Cement (LKR 28mn). No crossings were recorded during the day. 

Market breadth was negative where out of 215 stocks, 78 slipped and 48 advanced. Lankem Developments attracted high investor attention and counter closed with a gain of 11.6% at LKR 4.80. Seylan Developments, Commercial Credit & Finance and Galadari Hotels witnessed heavy investor activity.

Foreign investors were net sellers with a net outflow of LKR 8mn. Foreign participation was 29%. Net foreign outflows were seen in Tokyo Cement (LKR 15mn), Nestle Lanka (LKR 6mn), Seylan Developments (LKR 1mn) while net foreign inflow was mainly seen in Sampath Bank (LKR 3mn).
Source: LSL

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