Colombo Stock Exchange Market Review – 27th Dec 2016

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Colombo Stock Exchange Trade Summary 27-Dec-2016

Colombo Bourse slipped back to negative territory on Tuesday in another weak trading session. All Share Index fell back to eight-month low of 6,202.83 with a loss of 13.73 index points or 0.2%. S&P SL 20 index fell 5.19 index points (-0.2%) to 3,477.02.

Out of the 171 counters traded, 52 declined and 41 gained while 78 remained unchanged. Ceylon Tobacco (LKR 800.20, -1.8%), John Keells Holdings (LKR 143.30, -0.9%) and Ceylinco Insurance (LKR 1,249.20, -6.5%) led the losers while Seylan Bank (LKR 92.90, +8.3%), LOLC (LKR 73.00, +1.4%) and People’s Leasing (LKR 17.90, +1.7%) managed close positively.

Market turnover stumbled to one-month low of LKR 111mn. Seylan Bank (LKR 28mn), John Keells Holdings (LKR 19mn) and Hayleys Fabric (LKR 18mn) made the largest contributions to the turnover. No crossings were witnessed today.

John Keells Holdings dominated the trading activity. Further, Lanka IOC, Seylan Bank voting and nonvoting were among heavily traded stocks.

Foreign investors were net sellers today with a net foreign outflow of LKR 10mn. Top net outflows were seen in John Keells Holdings (LKR 11mn), Seylan Bank (LKR 3mn) and Hayleys (LKR 1mn) while top net inflow was seen in Commercial Bank (LKR 3mn). Foreign participation accounted for 19% of the market activity.
Source: LSL