Wednesday 15 February 2017

Colombo Stock Exchange Market Review – 14th Feb 2017


Colombo stock market continued to remain positive amid foreign inflows. Benchmark index touched 6,154 mark but close at 6,148.94 while 20-scrip S&P SL index advanced by 11.69 index points or 0.33% to end at 3,532.93.

Index gains were led by John Keells Holdings (LKR 149.90, +1.0%) and Nestle (LKR 2,019.10, +1.0%). Another dividend of LKR 4.75 per share & favourble quarter earnings in Sampath Bank (LKR 271.30, +2.0%) helped the index performance. Gainers outweighed the losers 78 to 59, while 51 stocks remained unchanged.

Daily market turnover was LKR 549mn. Dialog Axiata (LKR 131mn) was the top contributor to the turnover followed by John Keells Holdings (LKR 104mn), Hatton National Bank (LKR 68mn) and Hemas Holdings (LKR 43mn) respectively.

Negotiated deals were seen in Dialog Axiata (5.8mn shares at LKR 11.00), John Keells Holdings (0.4mn shares at LKR 150.00) and Hatton National Bank (0.2mn shares at LKR 228.00 per share).

John Keells Holdings, Pan Asia Bank rights, Adam Investments and Sampath Bank were among highly traded stocks. Meanwhile, Aitken Spence Holdings advanced to LKR 60.50, +0.8% and its subsidiary, Aitken Spence Hotels advanced to LKR 40.50, +1.3% supported by positive earnings in last quarter.

Foreign investors stood on buy side for ninth straight day with a net foreign inflow of LKR 58mn. Foreign participation was 58%. Net foreign inflows were seen in John Keells Holdings (LKR 79mn), Commercial Bank (LKR 12mn) and Nestle (LKR 2mn). Net foreign outflow was mainly seen in Dialog Axiata (LKR 21mn).
Source: LSL

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