Colombo bourse remained on negative side amid foreign outflows. Benchmark index slid by 7.00 index points (-0.11%) to end at 6,231.87 while high cap constituent S&P SL20 index lost 2.96 index points or 0.09% to end at 3,456.90.
Premier blue-chips, Nestle Lanka (closed at LKR 2,014.30, -1.6%), Lion Brewery (closed at LKR 451.00, -3.7%) and Dialog Axiata (closed at LKR 10.10, -1.0%) impacted the index performance. However, gains in Sri Lanka Telecom (closed at LKR 35.60, +1.7%) and Overseas Realty (closed at LKR 20.00, +3.1%) eased the negative impact.
Daily market turnover hit five week high of LKR 1bn supported by hefty crossings recorded in selected blue-chips. Aitken Spence contributed for bulk of the turnover (LKR 307mn) underpinned by five crossings of 4.1mn shares at LKR 65.00. Teejay Lanka was the next best contributor with LKR 201mn. Two crossings of 3.5mn shares of Teejay Lanka changed hands at LKR 42.50. John Keells Holdings (LKR 135mn) and Ceylon Tobacco (LKR 92mn) were among top contributors.
Another two crossings were witnessed in John Keells Holdings (0.36mn shares at LKR 144.50) and Hatton National Bank (0.20mn shares at LKR 218.00). Aggregate value of crossings accounted for 50% of the turnover.
Losers outweighed the gainers 84 to 57, while 79 counters remained unchanged. High investor activity was witnessed in John Keells Holdings, Teejay Lanka, Tokyo Cement non-voting and Alumex.
Foreign investors were net sellers for the day with a net foreign outflow of LKR 296mn. Foreign participation was 57%. Net foreign outflows were seen in Aitken Spence (LKR 276mn), John Keells Holdings (LKR 66mn) and Teejal Lanka (LKR 33mn). Net foreign inflow was mainly seen in Commercial Bank (LKR 46mn).
Source: LSL
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