Sri Lanka Telecom (closed at LKR 36.00, -1.9%), Commercial Credit & Finance (closed at LKR 64.40, -4.0%) and Ceylon Cold Stores (closed at LKR 776.00, -1.1%) led the losers among the blue-chips whilst shares of Hatton National Bank (closed at LKR 225.50, +1.1%) and Central Finance (closed at LKR 100.00, +0.9%) gained ground. However, reflecting the overall bearish sentiments, the losers outweighed gainers 90 to 28 while 69 stocks remained unchanged.
Market turnover was LKR 830mn. Crossings in Nestle Lanka (0.05mn shares at LKR 2,050.00), Aitken Spence (1.4mn shares at LKR 65.00) and Lion Brewery (0.15mn shares at LKR 490.00) contributed 32% of the turnover. Accordingly, Aitken Spence (LKR 212mn), Nestle Lanka (LKR 111mn) and Lion Brewery (LKR 73mn) made highest contributions to the turnover along with Dialog Axiata (LKR 190mn).
Commercial Credit was the most actively traded share by far as the progress announcement of the share purchase agreement spurred interest among the retail investors. However, after the several days of bullish sentiments, the share witnessed some profit taking and closed at LKR 64.40 down by 4.0%. Further, relatively high level of activity were seen in John Keells Holdings (LKR 151.10,-0.3%), Aitken Spence (LKR 65.00) and Access Engineering (LKR 25.00).
Foreign investors continued to be active participants and accounted for 59% of the market activity. At the end of the session, foreign investors were net sellers with a net foreign outflow of LKR 106mn. Top net outflows were seen in Aitken Spence (LKR 189mn), Central Finance (LKR 9mn) and Nestle Lanka (LKR 8mn) while top net inflow was seen in Lion Brewery (LKR 73mn).
At the weekly T-Bill Auction, the rates remained steady in 3-month (8.6%) and 1-year durations (10.10%) while yield in 6-month T-bill edged higher by one bps to 9.56%. CBSL offered LKR 25bn worth of T-bills and the auction was oversubscribed by 2.4 times. However, CBSL accepted only LKR 18bn.
Source: LSL
No comments:
Post a Comment