Colombo Stock Exchange Market Review – 10th Nov 2016

(Click here)

Colombo Stock Exchange Trade Summary 10-Nov-2016

Colombo equities edged up on budget day in thin activity as investors remained on sidelines. All Share index touched 6,427 mark in opening hours but closed at 6,420.78, with a gain of 3.23 index points or 0.05% while 20-scrip S&P SL20 index advanced slightly by 5.20 index points or 0.14% to end at 3,593.65. 

Price gains in Vallibel One (closed at LKR 21.50, +2.9%), Access Engineering (closed at LKR 26.40, +2.3%) and Commercial Bank (closed at LKR 148.00, +0.4%) contributed positively to the index while losses in Commercial Leasing & Finance (closed at LKR 3.60, -5.3%) and Dialog Axiata (closed at LKR 11.30, -0.9%) impacted index gains.

Daily market turnover was LKR 294mn. John Keells Holdings emerged as the top contributor to turnover with LKR 61mn underpinned by a single crossing of 0.3mn shares at LKR 150.00. Watawala Plantations (LKR 47mn), Commercial Bank (LKR 46mn) and Millennium Housing Developers (LKR 34mn) were among top contributors.

Another crossing was recorded in Commercial Bank where 0.17mn shares changed hands at LKR 148.00. Accordingly, aggregate value of crossings accounted for 26% of the total turnover.

Gainers offset the losers 57 to 48, while 86 stocks remained unchanged. High investor activity was witnessed in Access Engineering, Teejay Lanka, Tal Lanka Hotels and Watawala Planatations.

Foreign investors were net buyers with a net foreign inflow of LKR 15mn. Foreign participation was 20%. Net foreign inflows were seen in Singer (LKR 13mn), Commercial Bank (LKR 7mn), Watawala Plantation (LKR 2mn) while net foreign outflow was mainly seen in Teejay Lanka (LKR 5mn).
Source: LSL