On Tuesday Colombo shares closed with negative returns as ASI and S&P SL 20 Index declined by 24.86 points (-0.43%) and 18.34 points (-0.58%) to end at 5,705.26 and 3,161.90 respectively. Premier blue chip John Keells Holdings recorded the top turnover of LKR 689mn with the support of two crossings totaling to 3.2mn shares at a price of LKR 210.50 per share. Further, Orient Garment with LKR 54mn and Alliance Finance with LKR 27mn were the next top contributors to the market turnover. Orient Garment, HVA foods and Touchwood Investments were mostly traded stocks for the session. Foreign participation was 39%. Foreign investors were net sellers with a net outflow of LKR 672mn.
Bourse extended losses for the third consecutive day on Wednesday as ASI marginally declined by 4.52 index points (-0.08%) to end at 5,700.74. S&P SL 20 Index closed at 3,157.38, dropped by 4.03 index points (-0.13%). Daily market turnover was LKR 700mn. John Keells Holdings with LKR 315mn, E-Channeling with LKR 161mn and Commercial Bank with LKR 65mn were the top contributors to the market turnover. Meanwhile E-Channeling, Orient Garments, Touchwood Investment and Nations Finance were the mostly traded stocks. Foreign participation for the day was 54% whereas foreign investors were net buyers with a net inflow of LKR 362mn.
Colombo Stock Exchange was closed on Thursday due to the Poya Holiday.
Colombo shares regained lost ground and posted notable gains on Friday as investors welcomed the Fed's surprise decision to keep its vast stimulus policy unchanged. The decision to maintain US stimulus policy was a great relief to the frontier markets such as Sri Lanka, which was suffering from fears of capital flight back to the developed world. All share price index gained 113.36 points (1.99%) to close at 5,814.10 and S&P SL20 gained 60.22 points (1.91%) to close at 3,217.60.
Market turnover was LKR 850mn. Price appreciations in primary blue chips such as Nestle by LKR 25.00 (LKR 2,000.00, +1.27%), Carsons Cumberbatch by LKR 21.00 (LKR 400.00, +5.54%) and Ceylon tobacco by LKR 18.20 (LKR 1,065.00, +1.74%) contributed positively to the index performances.
JKH emerged as the top contributor (LKR 296) for the session underpinned by negotiated deals worth of LKR 257mn. Carson Cumberbatch with LKR 102 and Commercial bank with LKR 59 were next top contributors for the day. Meanwhile, another crossing was recorded in Aitken Spence where 0.3mn shares changed hands at a price of LKR 113.30. Interestingly, the crossings accounted for only 34% of the total turnover.
Dankotuwa Porcelain, HVA Food and Textured Jersey were among mostly traded stocks. Furthermore, Mercantile Investments announced an interim dividend of LKR 10.00 per share (XD date -03rd Oct) and Commercial credit announced first interim dividend of LKR 0.50 per share (XD date – 01st Oct).
Foreign investors were net buyer with a net inflow of LKR 129mn. Foreign participation for the day was 42%.
Net foreign buying was mainly seen in John Keells Holdings (LKR 195mn) followed by Hatton National Bank (LKR 20mn) and Seylan Bank non-voting (LKR 6mn), while net outflow was mainly seen in Carson Cumberbatch (LKR 80mn).
Cash map for today was 75%.