Thursday 9 February 2017

Colombo Stock Exchange Market Review – 9th Feb 2017


Colombo bourse concluded the session on mixed note despite foreign inflows. All Share index shed 2.24 index points (-0.04%) to close at 6,094.15 while 20-scrip S&P SL index edged up 3.30 index points or 0.09% to end at the session 3,488.50.

Two telcos, Dialog Axiata (LKR 10.60, -1.9%) and Sri Lanka Telecom (LKR 35.00, -2.5%) contributed negatively to the index performance while gains in Hemas Holdings (LKR 105.90, +1.3%) and John Keells Holdings (LKR 146.00, +0.3%) eased the impact.

Daily market turnover was 719mn. John Keells Holdings was the top contributor to the turnover with LKR 374mn underpinned by a single crossing of 0.3mn shares at LKR 146.00. Ceylon Cold Stores (LKR 68mn), Hemas Holdings (LKR 48mn) and Seylan Bank (LKR 45mn) made notable contribution. Single crossing was seen in Seylan Bank where 0.5mn shares changed hands at LKR 97.00.

Market breadth was negative where out of 191 stocks, 63 slipped and 48 advanced. High investor activity was seen in John Keells Holdings, Richard Pieris and Teejay Lanka. Richard Pieris declared an interim dividend of LKR 0.60 per share.

Foreign investors stood on buy side with a net foreign inflow of LKR 322mn. Foreign participation for the day was 52%. Net foreign inflows were seen in John Keells Holdings (LKR 345mn), Hemas Holdings (LKR 27mn), Tokyo Cement non-voting (LKR 6mn) while net foreign outflow was mainly seen in Seylan Bank (LKR 43mn).

Please note Colombo Stock Exchange will be closed tomorrow (10th February 2017) due to public holiday.
Source: LSL

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