Colombo Stock Exchange Market Review – 12th Oct 2016

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Colombo Stock Exchange Trade Summary 12-Oct-2016

Colombo bourse concluded the session with negative returns on Wednesday. The ASI closed red for the third consecutive day with a loss of 28.10 index points (0.4%) at 6,510.18. The S&P SL 20 index closed at 3,638.08, a drop of 12.01 index points or 0.3%.

Price decline in Sri Lanka Telecom (LKR 37.10,-1.9%), Ceylon Tobacco (LKR 850.50,0.8%), Hatton National Bank (LKR 228.00,-1.3%) and John Keells Holdings (LKR 154.80,-0.4%) impacted adversely to the index performance.

Daily market turnover was LKR 609mn. Top contributions to the turnover came from LB Finance (LKR 232mn) supported by a crossing of 1.6mn shares at LKR 127.00. Further, HNB- voting made a contribution of LKR 72mn with a crossing of 0.3mn shares at LKR 229.00. Teejay Lanka (LKR 60mn) and Hemas Holdings (LKR 36mn) made noteworthy contributions to the turnover.

Market sentiments were mostly negative with losers outweighing gainers 109 to 27. Retail investor activity was concentrated on Bogala Graphite, Teejay Lanka and Tokyo Cement – nonvoting.

Foreign investors were net buyers with a net inflow of LKR 270mn. Foreign participation was 34% Top net inflows were seen in LB Finance (LKR 203mn), Teejay Lanka (LKR 46mn) and HNB – voting (LKR 13mn). Top net outflows were mainly seen in Richard Peiris & Co (LKR 1mn).

Source: LSL