Colombo equities closed on mixed note despite foreign inflows. All Share index touched 6,194 mark in morning hours but failed to retain the momentum to close at 6,173.72, down by 1.78 index points or 0.03%. However, 20-scrip S&P SL index advanced by 1.95 index points or 0.05% to end at 3,547.86.
Price decline in high caps namely, Carson Cumberbatch (LKR 153.40, -8.1%), John Keells Holdings (LKR 147.20, -0.5%) and Aitken Spence Hotels Holdings (LKR 38.80, -5.1%) impacted the index performance.
Daily market turnover was LKR 633mn. Lion Brewery was the major contributor to the turnover with LKR 164mn supported by two negotiated deals of 0.4mn shares changed hands at LKR 430.00. Access Engineering (LKR 157mn), John Keells Holdings (LKR 89mn) and Chevron Lubricants (LKR 35mn) made notable contribution.
Off-the-floor transactions were recorded in Access Engineering (5.8mn shares at LKR 26.50) and John Keells Holdings (0.5mn shares at LKR 147.50). Aggregate value of crossings accounted for 63% of the turnover.
Market breadth was equally divided where 66 stocks advanced while 66 stocks slipped. High investor activity was seen in Central Investments & Finance, subsequent to the lift of trading halt. Stock advanced to LKR 1.50 but closed at LKR 1.20, with a loss of 14.3%. Pan Asia Bank rights, Sampath Bank and First Capital Holdings were among heavily traded counters.
Foreign investors stood on buy side for the eleventh consecutive session with a net foreign inflow of LKR 68mn. Foreign participation was 46%. Net foreign inflows were seen in Chevron Lubricants (LKR 33mn), Seylan Bank non-voting (LKR 10mn), Sampath Bank (LKR 10mn) while net foreign outflow was mainly seen in Lion Brewery (LKR 1mn).
Source: LSL
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