Price gains in Ceylon Tobacco (closed at LKR 846.80, +2.0%), Sri Lanka Telecom (closed at LKR 37.00, +1.9%) and Bukit Darah (closed at LKR 279.60, +3.8%) drove the index up.
Daily market turnover was LKR 136mn. Renuka Agri Foods top the turnover list with LKR 34mn supported by a single crossing of 8.9mn shares at LKR 3.50 per share. Lion Brewery (LKR 16mn), Hatton National Bank (LKR 8mn), Lanka Orix Leasing & Company (LKR 6mn) and Ceylon Grain Elevators (LKR 5mn) were among top contributors.
Market breadth was positive where out of 207 traded counters, 65 advanced, 53 slipped while 89 remained unchanged.
High investor preference was seen in Watawala Plantations where counter advanced to LKR 20.70, +3.5% supported by favourable earnings release and dividend announcement. Company declared an interim dividend of LKR 0.65 per share. First Capital Holdings, Commercial Credit & Finance and Ceylon Grain Elevators were among highly traded counters.
Further, LKR 6bn debenture issue of Hatton National Bank was oversubscribed within few hours of opening for subscription today. Accordingly, the issue was closed today as per the prospectus.
Foreign investors continued to remain on the buy side for the eleventh consecutive session with a net foreign inflow of LKR 18mn. Foreign participation was 13%. Net foreign inflows were seen in Lion Brewery (LKR 16mn), Commercial Bank (LKR 5mn), Ceylon Grain Elevators (LKR 3mn) while net foreign outflow was mainly seen in Hatton National Bank (LKR 4mn).
Source: LSL
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