Colombo Stock Exchange Market Review – 20th Jan 2017

(Click here)

Colombo Stock Exchange Trade Summary 20-Jan-2017

Colombo equities snapped the four day losing streak supported by foreign inflows in the short trading session. All Share index gained 4.67 index points or 0.08% to end at 6,169.57 while high cap constituent, S&P SL20 index advanced by 15.79 index points or 0.45% to close at 3,508.40.

AIA Insurance (closed at LKR 349.00, +22.9%) spearheaded the index gains supported by the announcement of an interim dividend of LKR 48.00 per share. Along with AIA Insurance, Commercial Bank (closed at LKR 142.10, +1.5%), Hemas Holdings (closed at LKR 102.00, +2.0%) and John Keells Holdings (closed at LKR 140.80, +0.6%) contributed positively to the index performance.

Daily market turnover was LKR 731mn. Hefty crossings were seen in Chevron Lubricants and the counter was the top contributor to the turnover with LKR 497mn. 2.8mn shares of Chevron Lubricants changed hands in today’s session at LKR 165.00. Royal Ceramic (LKR 69mn), Ceylon Tobacco (LKR 51mn) and People’s Leasing & Finance (LKR 29mn) made noteworthy contribution to the turnover.

Several crossings were recorded in Royal Ceramic (0.5mn shares at LKR 125.00), People’s Leasing & Finance (1.6mn shares at LKR 17.00), Ceylon Tobacco (30,000 shares at LKR 815.00) and Hatton National Bank (0.09mn shares at LKR 228.00). Aggregate value of crossings contributed for 81% of the turnover.

Market breadth was neutral where out of 167 stocks traded, 46 advanced, 50 slipped while 71 remained unchanged. High investor activity was seen in Alumex, LOLC Finance and Teejay Lanka.

Foreign investors were net buyers with a net foreign inflow of LKR 433mn. Net foreign inflows were seen in Chevron Lubricants (LKR 371mn), Royal Ceramics (LKR 68mn), Cargills (LKR 5mn) while net foreign outflow was mainly seen in Colombo Land & Development (LKR 8mn). Foreign participation for the day was 38%.
Source:LSL