FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» THE NEXT OPPORTUNITY - GET IN
by sureshot Today at 1:02 pm

» RAL UNTOLD STORY, KEEPING TOUCH
by bkasun Today at 12:25 pm

» නිවැරදි වෙලාවට කොටස් මිලට ගත යුතුයි. Stock market for beginners
by D.G.Dayaratne Today at 10:42 am

» KELANI VALLEY PLANTATIONS PLC (KVAL.N0000)
by hammurabi Today at 10:05 am

» FCT.N & CFVF
by nish84 Fri Sep 23, 2022 2:16 pm

» Govt. invites LIOC to build refinery in Trincomalee
by samaritan Fri Sep 23, 2022 9:59 am

» India set to be world’s 3rd largest economy by 2030
by samaritan Fri Sep 23, 2022 9:21 am

» LOOK- KZOO
by sureshot Fri Sep 23, 2022 8:01 am

» Exterminators Plc (EXT.N)
by GOSL Fri Sep 23, 2022 7:45 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Nandana Withanage Fri Sep 23, 2022 12:26 am

» ACCESS ENGINEERING PLC (AEL.N0000)
by ddrperera Fri Sep 23, 2022 12:05 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by K.R Thu Sep 22, 2022 11:33 pm

» Ishara Nanayakkara rally - Maharaja
by samaritan Thu Sep 22, 2022 5:51 pm

» RGEM :- RGEM is the Cheapest Illiquid Stock in the market
by skyfall Thu Sep 22, 2022 11:47 am

» CIC going to next level
by suku502 Thu Sep 22, 2022 10:34 am

» ACL CABLES PLC (ACL.N0000)
by ADVENTUS Thu Sep 22, 2022 12:48 am

» LALU -Aluminum KING
by Stockbull Wed Sep 21, 2022 8:15 pm

» KELANI CABLES PLC (KCAB.N0000)
by bkasun Wed Sep 21, 2022 5:27 pm

» CARE 150 ++++++
by bkasun Wed Sep 21, 2022 5:25 pm

» RGEM. A real gem in the market
by skyfall Wed Sep 21, 2022 3:51 pm

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Stock Market gathers more momentum

Stock Market gathers more momentum

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

Stock Market gathers more momentum GettyImages-499170981-20e252a7742340ab9b03118f93e8d58c



  • ASPI reaches the highest level since May 2018 as CSE completes 10 consecutive sessions of gains



The Colombo Stock Market gathered more momentum yesterday with the benchmark index reaching its highest level in two and half years, in addition to notching its 10th consecutive gain and higher turnover of over Rs. 3 billion.

The All Share Price Index (ASPI) shot up by 76 points (1.2%) to close at 6,473.76, a level last seen only in May 2018 according to NDB Securities. The S&P SL20 index gained by 48 points or 1.9%. Turnover was an above average Rs. 3.2 billion.

“Market completed the 10th consecutive session of uptrend, recording the longest winning streak for the year supported by Banking and Capital Goods counters. Index experienced a continuous upward movement since the beginning of the session and closed at 6,474 with an advance of 76 points,” First Capital said. 

Banking counters led the turnover for the session, closely followed by the Capital Goods sector making a joint contribution of 42%. Moreover, parcel trades boosted the turnover for the session amounting to 12%. 

First Capital also said the market recorded the highest net foreign outflow of Rs. 323 million after nearly four weeks, while recording low participation.

Asia Securities said the market momentum was sustained with the indices closing firmly in the green and turnover surpassing Rs. 3 billion for the third consecutive session. “Interest in banks among HNIs and institutions picked up, led by foreign selling in NDB which was absorbed locally,” it added.

NDB Securities said the ASPI closed in green as a result of price gains in counters such as Hatton National Bank (HNB), Sri Lanka Telecom (SLT) and Asian Hotels and Properties.

It said high net worth and institutional investor participation was noted in National Development Bank (NDB), John Keells Holdings (JKH) and Access Engineering. Mixed interest was observed in CIC Holdings, Teejay Lanka and Aitken Spence, whilst retail interest was noted in Expolanka Holdings, Browns Investments and HNB Assurance. 

The Banking sector was the top contributor to the market turnover (due to NDB), whilst the sector index gained 2.77%. The share price of NDB increased by Rs. 2.40 (3.08%), closing at Rs. 80.20, whilst foreign holdings decreased by 2,911,345 shares.

Capital Goods sector was the second highest contributor to the market turnover (due to JKH), whilst the sector index increased by 0.62%. The share price of JKH gained Rs. 1.20 (0.80%), to close at Rs. 151.20. 

Expolanka Holdings, CIC Holdings and Teejay Lanka were also included amongst the top turnover contributors. The share price of Expolanka Holdings moved down by Rs. 0.50 (1.95%), to close at Rs. 25.20. The share price of CIC Holdings recorded a gain of Rs. 10.40 (6.30%), to close at Rs 175.40. The share price of Teejay Lanka appreciated by Rs. 2.30 (6.22%), to close at Rs. 39.30.

Cargills announced an interim dividend of Rs. 1.90 per share, whilst E.B. Creasy and Company announced its first and final dividend of Rs. 18.00 per share.


http://www.ft.lk/front-page/Stock-market-gathers-more-momentum/44-709885

Share this post on: redditgoogle

avatar

Post Tue Dec 08, 2020 9:46 am by Kipling

Samaritan 
Given yesterday performance do you think we will break 7000 before end December.

avatar

Post Tue Dec 08, 2020 10:58 am by samaritan

Kipling wrote:Samaritan 
Given yesterday performance do you think we will break 7000 before end December.
Of course, Yes!

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum