Price appreciation in Ceylon Tobacco (LKR 848.60, +2.9%), Ceylinco Insurance (LKR 1,299.50, +6.0%) and Carson Cumberbatch (LKR 167.00, +4.4%) pushed the index to greener territory.
Daily market turnover reached LKR 876mn supported by last minute negotiated trade in John Keells Holdings where 3.9mn shares changed hands at LKR 148.00. Another crossing was recorded in Tokyo Cement (1.3mn shares at LKR 60.00). Aggregate value of crossings accounted for 75% of the turnover.
Accordingly, John Keells Holdings (LKR 593mn) was the top contributor to the turnover followed by Tokyo Cement (LKR 77mn), Hatton National Bank (LKR 25mn) and Access Engineering (LKR 17mn) respectively.
Pan Asia Bank rights continued to decrease as it closed at LKR 0.70, down by 22.2% during the session. Sampath Bank, Richard Pieris and John Keells Holdings witnessed heavy trading activity. Tokyo Cement (LKR 60.50, +2.5%) closed with gains subsequent to the positive quarter earnings.
Foreign investors were net buyers with a net foreign inflow of LKR 22mn. Net foreign inflows were seen in Hatton National Bank (LKR 25mn), Melstacorp (LKR 8mn), Tokyo Cement (LKR 3mn) and net foreign outflow was mainly seen in CT Holdings (LKR 7mn). Foreign participation for the day was 80%.
Meanwhile at the Treasury bill auction today, yields increased across board. Three month treasury rate increased by 6bps to 9.22% and six month treasury rate advanced to 10.12% (+5bps). One year Treasury bill yield increased by 8bps to 10.55%. CBSL offered treasury bills worth of LKR 25.5bn and auction was oversubscribed by 2.1 times with bids receiving amounting to LKR 53.1bn. It was decided to accept LKR 21.8bn worth of treasury bills.
Source: LSL
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