Wednesday, 30 November 2016

Colombo Stock Exchange Market Review – 30th Nov 2016


Colombo Bourse witnessed a slightly positive tone today and the indices closed in the green territory after three consecutive days of losses. ASI closed 9.23 index points (+0.2%) ahead at 6,241.10 while the blue-chip S&P SL 20 index inclined 10.20 index points (+0.3%) to 3,467.10.
Among the blue-chips, John Keells Holdings (LKR 148.30,+2.6%), Dialog Axiata (LKR 10.40,+3.0%), Lion Brewery (LKR 469.30, +4.1%) led the gainers while Ceylon Cold Stores (LKR 772.10,-3.9%) and LOLC (LKR 73.30, -7.6%) were among the losers. Market breadth remained equally divided with gainers modestly ahead of losers at 71 to 69.

Market turnover reached LKR 580mn supported by the activities in John Keells Holdings (LKR 117mn), Chevron Lubricants (LKR 97mn) and Ceylon Tobacco (LKR 85mn). The crossings in Chevron Lubricants (0.4mn shares at LKR 158.50) and CT Holdings (0.2mn at LKR 120.00) contributed 14% of the turnover.

Commercial Credit (LKR 59.90, +4.9%), John Keells Holdings and Access Engineering (LKR 24.30, +0.8%) were among the actively traded counters in todays’ session.

Foreign investors were net buyers with net foreign inflow of LKR 48mn. Foreign participation was 45%. Top net inflows were seen in Ceylon Tobacco (LKR 72mn), John Keells Holdings (LKR 24mn) and Tokyo Cement – nonvoting (LKR 12mn) while top net outflow was seen in Chevron Lubricants (LKR 50mn).

At today’s Treasury bill auction, yields declined in 6-months (9.55%, -16bps) and 12-months durations (10.1%, -15bps) while yield of 3-months bill remained unchanged. The auction received LKR 71bn worth of bids but CBSL accepted only LKR 16bn.
Source: LSL

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