Colombo bourse fell back to negative territory on Friday amid price decline in high caps. All Share index shed 13.85 index points (-0.22%) to end at 6,159.87 while 20-scrip S&P SL index lost 4.23 index points or 0.12% to close at 3,543.63.
Price depreciation in Ceylon Tobacco (LKR 830.20, -2.2%), Commercial Leasing & Finance (LKR 2.90, -9.4%) and Commercial Bank (LKR 142.00, -0.7%) adversely impacted the index performance.
Daily market turnover was LKR 329mn. Teejay Lanka was the top contributor to the turnover with LKR 107mn underpinned by two crossings of 2.6mn shares at LKR 39.50. Hemas Holdings (LKR 78mn), Tokyo Cement non-voting (LKR 37mn) and Tokyo Cement voting (LKR 25mn) made notable contribution.
Losers outweighed the gainers 64 to 37 while 65 stocks remained unchanged. High investor activity was witnessed in Pan Asia Bank rights, Central Investments & Finance and HVA Foods. Central Investments & Finance continued to decline as share closed at LKR 1.00, with a loss of 16.7%.
Meanwhile, Ceylon Cold Stores declared an interim dividend of LKR 14.00 per share.
Foreign investors were net sellers with a net outflow of LKR 15mn after eleven straight days of inflows. Foreign participation was 66%. Net foreign outflows were seen in Teejay Lanka (LKR 31mn), Tokyo Cement (LKR 15mn), Piramal Glass (LKR 7mn) while net foreign inflow was mainly seen in Tokyo Cement non-voting (LKR 27mn).
Source:LSL
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