High caps in consumer staples sector namely, Ceylon Cold Stores (closed at LKR 705.20, +6.1%) and Nestle Lanka (closed at LKR 2,099.50, +2.4%) pushed the index higher. However losses in Sri Lanka Telecom (closed at LKR 35.80, -2.2%) and Ceylon Tobacco (closed at LKR 845.50, -0.5%) impacted the index gains.
Daily market turnover was LKR 406mn. John Keells Holdings top the turnover list with LKR 265mn underpinned by two crossings amounting to 0.82mn shares at LKR 152.00. High investor activity was witnessed in the stock and the counter accounted for 65% of the total turnover. Investor preference was supported by positive earnings for the 2nd quarter.
Sampath Bank (LKR 16mn), Dialog Axiata (LKR 10mn) and Commercial Credit & Finance (LKR 10mn) were among top contributors to the turnover.
Market breadth was equally divided where 63 slipped, 60 advanced while 75 remained unchanged. Commercial Credit & Finance, Ceylon Cold Stores and DFCC Bank were among most traded counters.
Meanwhile, Keells Food Products advanced to LKR 163.00 (+2.4%) backed by interim dividend of LKR 5.75 per share. Further, Aitken Spence second quarter profits increased by 50%YoY but the positive sentiment was not reflected in the share price as the counter closed with a slight increase of 0.1% to LKR 69.90.
Foreign investors continued to remain on buy side for the fourth consecutive session with a net foreign inflow of LKR 189mn. Net foreign inflows were seen John Keells Holdings (LKR 178mn), Dialog Axiata (LKR 8mn) and Commercial Bank (LKR 3mn). Net foreign outflow was mainly seen in Ceylon Cold Stores (LKR 3mn).
Source: LSL
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