The bourse closed the week in negative territory, as the ASPI decreased 22.93 points W-o-W (or -0.33%) to close at 6984.12 points, while the S&P SL20 Index decreased 0.25% W-o-W (or 9.71 points) to closeat 3905.27 points.
Dialog was the highest contributor to the week’s turnover value with a contribution of LKR 657.76mn that accounted for 19.81% of total turnover value. John Keells Holdings followed suit accounting for 15.03% of turnover (value of LKR 499.28mn) while Seylan Bank contributed LKR 203.74mn to account for 6.13% of the week’s turnover.
Total turnover value for the week amounted to LKR 3.32bn relative to last week’s value of LKR 3.94bn. Daily average turnover value over the week consequently amounted to LKR 664.23mn (-32.63% W-o-W) compared to last week’s average of LKR 986.00mn.
Market capitalization meanwhile, decreased 0.33% W-o-W (or LKR 9.70bn) to LKR 2,967.48bn relative to last week’s value of LKR 2,977.17bn.
Liquidity (in Value Terms)
The Banking & Finance sector was the highest contributor to the week’s total turnover value, accounting for 24.83% (or LKR 825.63mn) of market turnover. Sector turnover was driven primarily by Seylan Bank, Hatton National Bank, National Development Bank and Commercial Bank which accounted for 57.51% of the sector’s total turnover value.
The second highest sectoral contribution stemmed from the Diversified sector, which contributed 20.45% (or LKR 680.17mn).
Sector turnover was driven primarily by John Keells Holdings and Hemas Holdings, which accounted for 87.57%. The Telecommunication sector was also amongst the top sectoral contributors to market turnover, accounting for 19.88% (or LKR 661.21mn) of the week’s total turnover value. Sector turnover was driven primarily by Dialog which accounted for 99.48%.
See more at: http://www.dailynews.lk/?q=business/aspi-hits-3-month-low#sthash.SiD474UZ.dpuf