Colombo stock market wrapped the week’s operations in a positive note on Friday amid higher institutional participation. All Share index closed with a gain of 5.17 index points or 0.08% to end at 6,447.53 while 20-scrip S&P SL20 index closed at 3,594.59 with a slight gain of 1.42 index points or 0.04%.
Sri Lanka Telecom (closed at LKR 37.10, +2.8%) headed the index gains along with Lanka Orix Leasing Company (closed at LKR 81.00, +1.8%) and Asian Hotels & Properties (closed at LKR 59.20, +2.1%). Two illiquid counters namely, CT Holdings (closed at LKR 121.00, -3.2%) and Carson Cumberbatch (closed at LKR 182.00, -1.6%) negatively impacted the index performance.
Daily market turnover recorded a three week high of LKR 1.15bn supported by hefty crossings. Dialog Axiata was the top contributor to the turnover with LKR 270mn followed by Hemas Holdings (LKR 257mn), Panasian Power (LKR 225mn) and Hatton National Bank (LKR 102mn).
Negotiated deals were recorded in Dialog Axiata (20.8mn shares at LKR 11.60), Panasian Power (75mn shares at LKR 3.00), Hemas Holdings (1.9mn shares at LKR 107.00) and Watawala Plantations (1.0mn shares at LKR 20.00). Aggregate value crossings accounted for 60% of the turnover.
Sri Lanka Telecom (closed at LKR 37.10, +2.8%) headed the index gains along with Lanka Orix Leasing Company (closed at LKR 81.00, +1.8%) and Asian Hotels & Properties (closed at LKR 59.20, +2.1%). Two illiquid counters namely, CT Holdings (closed at LKR 121.00, -3.2%) and Carson Cumberbatch (closed at LKR 182.00, -1.6%) negatively impacted the index performance.
Daily market turnover recorded a three week high of LKR 1.15bn supported by hefty crossings. Dialog Axiata was the top contributor to the turnover with LKR 270mn followed by Hemas Holdings (LKR 257mn), Panasian Power (LKR 225mn) and Hatton National Bank (LKR 102mn).
Negotiated deals were recorded in Dialog Axiata (20.8mn shares at LKR 11.60), Panasian Power (75mn shares at LKR 3.00), Hemas Holdings (1.9mn shares at LKR 107.00) and Watawala Plantations (1.0mn shares at LKR 20.00). Aggregate value crossings accounted for 60% of the turnover.
Market breadth was positive where out of 196 counters traded, 71 advanced while 57 declined. High investor activity was witnessed in Tokyo Cement non-voting, Access Engineering, John Keells Holdings and Teejay Lanka.
Foreign investors stood on buy side for the ninth straight session with a net foreign inflow of LKR 234mn. Foreign participation was 49%. Net foreign inflows were seen in Hemas Holdings (LKR 206mn), Hatton National Bank (LKR 22mn) and Watawala Plantations (LKR 20mn). Net foreign outflow was mainly seen in Dialog Axiata (LKR 51mn).
Source: LSL
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