Out of the 190 shares traded, 64 gained, 46 declined while 80 stocks remained unchanged. Gains in Ceylinco Insurance (LKR 1,471.40, +17.8%), Ceylon Tobacco (LKR 811.30, +1.4%) and C T Holdings (LKR 125.00, +4.2%) pushed the ASI higher. Among the blue-chips Nestle Lanka (LKR 1,979.50, -3.1%) and Hatton National Bank (LKR 225.00, +1.5%) led losers droving the S&P SL 20 index to the negative territory.
Market activity remained lackluster but the turnover reached LKR 721mn supported by the single crossing in Pan Asia Bank which accounted for 85% of the market turnover. The bank recorded the only crossing of the day where 29.1mn shares (9.9% of the issued cap) changed hands at LKR 21.00. Accordingly, Pan Asia Bank (LKR 614mn), Commercial Bank (LKR 24mn) and Sansa Development Bank (LKR 13mn) made the largest contribution to the turnover.
Pan Asia Bank (LKR 19.80, +1.5%) and Sansa Development Bank (LKR 106.20, +3.1%) attracted the retail investor interest today along with Union Bank (LKR 15.20, +1.3%) and Lanka IOC (LKR 31.00, +1.3%).
Foreign investors were net buyers with net inflow of LKR 12mn. Foreign participation was mere 4%. Top net inflows were seen in Commercial Bank –voting (LKR 23mn), Commercial bank – nonvoting (LKR 3mn) and Asiri Hospital Holdings (LKR 2mn) while top net outflow was seen in Dialog Axiata (LKR 7mn).
Source: LSL
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