Colombo Stock Exchange Market Review – 06th Jan 2017

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Colombo Stock Exchange Trade Summary 06-Jan-2017

Colombo bourse snapped the five day losing streak amid thin market activity on Friday. Main index edged up by 5.50 index points or 0.09% to end at 6,153.02 while S&P SL20 index gained 15.27 index points or 0.44% to close at 3,462.25.

Blue-chips, Ceylon Tobacco (closed at LKR 810.00, +1.2%), Melstacorp (closed at LKR 58.20, +1.6%) and Ceylon Cold Stores (closed at LKR 750.00, +1.3%) contributed positively to index performance. However, losers outweighed the gainers 61 to 42, while 84 stocks remained unchanged.

Daily market turnover was merely LKR 238mn. Top contributor was John Keells Holdings (LKR 41mn) followed by Hatton National Bank (LKR 32mn), Chevron Lubricants (LKR 26mn) and Commercial Credit & Finance (LKR 16mn).

High investor activity was seen in textile manufacturers, Teejay Lanka (closed at LKR 43.40, +1.6%) and Hayleys Fabric (closed at LKR 15.00, +0.7%). Chevron Lubricants, HVA Foods and John Keells Holdings were among heavily traded counters.

Foreign investors were net buyers with a net foreign inflow of LKR 27mn. Foreign participation was 33%. Net foreign inflows were seen in John Keells Holdings (LKR 33mn), Hatton National Bank (LKR 17mn), Commercial Bank (LKR 11mn) while net foreign outflow was mainly seen in Chevron Lubricants (LKR 22mn).
Source: LSL