Colombo Equities eked out last minute gains on Thursday to close the session in green after eight consecutive days of losses. ASI closed at 6,253.28 up 10.60 index points or +0.2% while S&P SL 20 index gained 10.48 index points (+0.3%) to close at 3,478.53.
Index swung between gains and losses but managed to flip to the positive side at the close supported by gains in Ceylon Cold Stores (LKR 848.50, +14.5%). Further, shares of John Keells Holdings (LKR 146.10, +0.6%), Cargills Ceylon (LKR 180.00, +2.1%) and LOLC (LKR 76.50, +1.9%) edged higher in today’s trading session.
Market turnover reached LKR 517mn led by crossings which accounted for 51% of the turnover. CT Land & Development contributed bulk of the turnover (LKR 136mn) supported by two crossings of 1.7mn shares at LKR 58.20. John Keells Holdings made a contribution of LKR 127mn backed by two off-the-floor deals totaling to 0.8mn shares at LKR 146.00. Further, a crossing was seen in Access Engineering (1.6mn shares at LKR 24.00) and the share contributed LKR 58mn to the turnover.
Reflecting the earlier weaknesses, losers outweighed the gainers 72 to 51. Central Finance was the mostly traded stock today while Access Engineering, Ceylon Cold Stores and Janashakthi Insurance managed to gain investor interest.
Foreign investors were net sellers with net foreign outflow of LKR 6mn. Foreign participation was 29%. Top net outflows were seen in National Development Bank (LKR 16mn), Teejay Lanka (LKR 4mn) and Central Finance (LKR 2mn) while top net inflow was seen in Lanka Milk Foods (LKR 4mn).
Source: LSL
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