Colombo shares snapped the four straight sessions of gains to close lower on Tuesday amid lackluster investor activity. All Share index lost 17.72 index points or 0.28% while 20-scrip S&P SL index shed 15.80 index points (-0.44%).
Index was dragged down by high caps namely, Commercial Leasing & Finance (closed at LKR 3.30, -8.3%), Dialog Axiata (closed at LKR 10.50, -1.9%) and Hatton National Bank (closed at LKR 220.00, -1.4%).
Daily market turnover was LKR 493mn. Commercial Bank was the top contributor to the turnover with LKR 191mn followed by Nestle Lanka (LKR 66mn), Teejay Lanka (LKR 45mn) and Commercial Credit & Finance (LKR 35mn). Two crossings were seen in Teejay Lanka where 0.98mn shares changed hands at LKR 44.00.
Market breadth was negative where out of 192 scripts traded, 90 slipped, 41 advanced while 61 remained unchanged. High investor activity was witnessed in Commercial Credit & Finance, Access Engineering, Galadari Hotels & Teejay Lanka.
Meanwhile, Central Finance declared an interim dividend of LKR 1.50 per share.
Foreign investors were net buyers with a net foreign inflow of LKR 37mn. Foreign participation was 59%. Net foreign inflows were seen in Teejay Lanka (LKR 22mn), Commercial Bank (LKR 14mn), Ceylon Tobacco (LKR 10mn) while net foreign outflow was mainly seen in Seylan Bank non-voting (LKR 16mn).
Meanwhile, Central Finance declared an interim dividend of LKR 1.50 per share.
Foreign investors were net buyers with a net foreign inflow of LKR 37mn. Foreign participation was 59%. Net foreign inflows were seen in Teejay Lanka (LKR 22mn), Commercial Bank (LKR 14mn), Ceylon Tobacco (LKR 10mn) while net foreign outflow was mainly seen in Seylan Bank non-voting (LKR 16mn).
Source: LSL
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