Monday 21 November 2016

Colombo Stock Exchange Market Review – 21st Nov 2016



Colombo bourse continued to remain on negative side amid sell-offs seen in selected high caps. All Share index shed 50.85 index points or 0.80% to end at 6,275.26 while 20-scrip S&P SL index lost 28.68 index points or 0.82% to end at 3,486.30.

Premier blue-chip, John Keells Holdings (closed at LKR 144.30, -1.2%) drove the index down along with Asiri Hospitals Holdings (closed at LKR 27.30, -5.5%) and Aitken Spence (closed at LKR 66.00, -3.4%). 

Daily market turnover was LKR 395mn. No crossings were recorded during the day. Commercial Bank topped the turnover list with LKR 104mn followed by John Keells Holdings (LKR 94mn), Alumex (LKR 41mn) and Hatton National Bank non-voting (LKR 13mn) respectively. 

Market breadth was negative where out of 207 counters traded, 127 slipped, 21 advanced while 59 scripts remained unchanged. High investor activity was witnessed in John Keells Holdings, Chevron Lubricants, Ceylon Grain Elevators and Teejay Lanka.

Foreign investors stood on sell side with a net foreign outflow of LKR 48mn. Foreign participation was 36%. Net foreign outflows were seen in John Keells Holdings (LKR 54mn), Chevron Lubricants (LKR 3mn), Access Engineering (LKR 3mn). Net foreign inflow was mainly seen in Hatton National Bank (LKR 10mn). 
Source: LSL

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