Colombo stock market concluded the week on mixed note despite the foreign inflows. All Share index lost 19.57 index points (-0.32%) to end at 6,119.99 while 20-scrip S&P SL index edged higher by 1.78 index points or 0.05% to close at 3,506.13.
Price gains in Melstacorp (LKR 67.90, +2.9%) and Hatton National Bank (LKR 227.00, +1.2%) moved the index up but losses in Sri Lanka Telecom (LKR 34.10, -3.7%) and Lank Orix Leasing & Company (LKR 65.10, -6.3%) shed the index gains.
Daily market turnover was LKR 409mn. Negotiated deals were recorded in Hatton National Bank (0.7mn shares at LKR 227.00) and Commercial Bank (0.2mn shares at LKR 145.00). Aggregate value of crossings accounted for 45% of the turnover.
Accordingly, Hatton National Bank (LKR 163mn) was the top contributor to the turnover followed by Melstacorp (LKR 75mn), Sampath Bank (LKR 47mn) and Commercial Bank (LKR 29mn).
Subsequent to the scrip dividend announcement, Sampath Bank attracted high investor preference where stock price increased to LKR 267.00, +0.8%. Meanwhile, Teejay Lanka continued to decrease as share closed with a loss of 2.3% at LKR 38.90. Ceylon Grain Elevators, Hayleys Fabric and Melstacorp were among heavily traded counters.
Foreign investors stood on buy side with a net foreign inflow of LKR 90mn. Net foreign inflows were seen in Commercial Bank (LKR 29mn), Sampath Bank (LKR 29mn), Melstacorp (LKR 17mn) while net foreign outflow was mainly seen in Seylan Bank (LKR 5mn). Foreign participation was 66%.
Source: LSL
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