Colombo Stock Exchange Market Review – 05th Dec 2016

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Colombo Stock Exchange Trade Summary 05-Dec-2016

The bullish investor sentiment continued for the fourth straight day as benchmark index hit 3 week high on Monday. All Share index gained 42.55 index points or 0.67% to end the session at 6,368.12 while high caps bagged 34.04 index points (+0.97%) to close the S&P SL20 index at 3,555.85.

Blue-chips such as Nestle Lanka (closed at LKR 2,052.40, +1.9%), Asiri Hospital Holdings (closed at LKR 28.00, +5.7%) led the index gains along with banks namely, Commercial Bank (closed at LKR 144.10, +1.3%), National Development Bank (closed at LKR 160.00, +1.9%) and DFCC Bank (closed at LKR 125.00, +2.5%).

Daily market turnover crossed LKR 1bn, boosted by negotiated deals recorded in John Keells Holdings (0.3mn shares at LKR 151.00) and DFCC Bank (1.4mn shares at LKR 117.70). Aggregate value of crossings accounted for 21% of the turnover.

Half of the total turnover was contributed by the John Keells Holdings (LKR 526mn). Among the other top contributors were DFCC Bank (LKR 180mn), Commercial Credit & Finance (LKR 106mn) and Teejay Lanka (LKR 52mn).

Reflecting the positive sentiments, gainers outweighed the losers 100 to 43 while 73 scripts remained unchanged. Investors gathered around Commercial Credit & Finance and the counter advanced to LKR 70.10 (+9.9%). John Keells Holdings, Ceylon Grain Elevators and Access Engineering were among highly traded counters.

Foreign investors were net buyers with a net inflow of LKR 14mn. Foreign participation was 56%. Net foreign inflows were seen in John Keells Holdings (LKR 138mn), Teejay Lanka (LKR 50mn), Ceylon Grain Elevators (LKR 8mn) while net foreign outflow was mainly seen in DFCC Bank (LKR 177mn).
Source: LSL