Colombo stocks ended lower on Tuesday with benchmark ASPI and S&P SL 20 Index falling for the 3rd consecutive trading session. ASPI dropped 14.05 points (-0.24%) and S&P SL 20 Index fell 10.80 point (-0.33%). Daily turnover reached LKR 221mn, the lowest since LKR 191mn recorded in 17th July 2013. Commercial Bank topped the turnover list with LKR 72mn followed by Guardian Investment (LKR 11mn) and Access Engineering (LKR 10mn). Meanwhile The Century Investments, Touchwood Investments and Piramal Glass traded heavily during the day. Foreign investors were net sellers after three consecutive days of net buyers. Foreign participation was 34% and net outflow was LKR 6mn.
Colombo stocks closed marginally lower on Wednesday. ASI lost 6.73 index points (-0.11%) while S&P SL 20 Index lost 8.62 points (-0.26%). Daily market turnover was LKR 572mn. United Motors with LKR 260mn, John Keells Holdings with LKR 47mn, and Chevron Lubricants with LKR 34mn were the highest contributors to the market turnover. Meanwhile Orient Garment, Touchwood Investments & PCH Holdings were the mostly traded stocks for the day. Further Tokyo Cement and Access Engineering also attracted investor interest throughout the day along with the 161%YoY and 36%YoY increase in Sep 2013 quarter net profit respectively. Foreign participation was 37% and foreign investors were net buyers with a net inflow of LKR 295mn. Meanwhile according to the Central Bank, Treasury bill yields eased further in this week auction where the 6-month yield dropped by 6 basis points to 8.94% and 12-month yield fell 01 basis point to 9.82%.
Colombo bourse extended losing streak for a fifth straight session with ASPI dropping 35.71 points or 0.60%. S&P SL 20 Index declined by 11.18 points or 0.34%. Market turnover reached LKR 688mn supported by several negotiated deals recorded in Ceylon Tobacco, Nestle Lanka and Expo Lanka Holdings. Accordingly those three stocks emerged as the top contributors to the daily turnover with the values of LKR 235mn, LKR 181mn and LKR 44mn respectively. Meanwhile active investor participation was seen in stocks such as Touchwood Investments, The Century Investments and Expo Lanka Holdings. Foreign participation accounted for 67% and at the end of the day foreign investors were net buyers with a marginal total net outflow of LKR 2mn.
Market closed in red on Friday as the indices weakened further to close the week in negative territory. ASPI dropped by 15.13 points (-0.26%) to close at 5,855.34 and S&P SL 20 Index dropped by 11.21 points (-0.35%) to end at 3,232.50.
Market turnover LKR 1.6bn, the highest recorded during the week. Off-board transactions made in Asian Hotels & Properties (16.8mn share at LKR 68.00 per share) and CT Holdings (1.8mn shares at LKR 150.00 per share) added 86% to the day’s turnover whereas these two stocks recorded the top turnover levels of LKR 1.2bn and LKR 292mn respectively. Further Expo Lanka Holdings recorded the next best turnover of LKR 26mn during the day and closed at a new 52 week high of LKR 7.60 (+2.7%).
Meanwhile PCH Holdings, Piramal Glass and Industrial Asphalts gathered investor focus during the day.
Foreign participation for the day was 46% and foreign investors were net sellers with a net outflow of LKR 874mn. Net foreign selling was seen in shares such as Asian Hotels & Properties (LKR 1.2bn), Commercial Bank (LKR 13mn) and Vallibel One (LKR 11mn).
Cash map closed at 39%.