Santa wrote:Did anyone notice huge crossings on LIOC.
Yesterday around 2 million.
Today a huge parcel I think it was close to 7 million.
Colombo shares concluded the weekly operations with positive returns as All share price index gained mere 3.27 points (+0.05%) to end at 7,008.02 while 20 script S&P SL marginally gained 0.97 points (+0.03%) to end at 3,863.88. Core index gained 64.17 points whereas S&P SL index gained 42.90 points during the week.
Price advancements in counters such as Ceylon Tobacco (closed at LKR 1,200.00, +1%), Bukit Darah (closed at LKR 700.20, +3%) and Commercial Leasing & Finance (closed at LKR 4.50, +4.7%) affected favorably to the index performances.
Accordingly sectors such as stores & supplies sector (+5%), Investment trust sector (+2%) and Services sector (+1%) mainly contributed positively for today’s performance.
Daily market turnover reached LKR 2.7bn underpinned by several crossings recorded in John Keells Holdings (3.9mn shares at LKR 244.00-246.00 per share), Hemas Holdings (2.8mn shares at LKR 51.00 per share), Lanka IOC (3.3mn shares at LKR 37.70 per share), Hatton National Bank non-voting (0.4mn shares at LKR 136.20 per share) and Hatton National Bank (0.3mn shares at LKR 167.50 per share). Aggregate value of crossings represented 50% of the total market turnover.
Accordingly, John Keells Holdings positioned at top of the turnover list with LKR 1bn followed by Hemas Holdings (LKR 155mn) and Lanka Century Investments (LKR 154mn).
Gainers surpassed the losers 126 to 102, while 52 equities remained unchanged. Cash map declined to 52% from 57%. 30 counters reached to 52wk high price levels while only Serendib Engineering Group touched 52wk low price.
Meanwhile penny stocks such as Taprobane Holdings, Lanka Century Investments, HVA Foods and Browns Investments traded heavily during the day.
Renuka Agri Foods declared a first & final dividend of LKR 0.10 per share (DY 3%) during the trading session and closed with higher returns. Counter closed at LKR 3.60, +2.9%. In addition, Vallibel One declared an interim dividend of LKR 0.40 per share and Bukit Darah declared a first interim dividend of LKR 3.00 per share.
Foreign investors were net sellers with a net outflow of LKR 487mn. Foreign participation was 27%. Net foreign outflows were mainly seen in John Keells Holdings (LKR 595mn), Hatton National Bank (LKR 53mn) and Sanasa Development Bank (LKR 6mn) while net foreign inflow was mainly seen in Hemas Holdings (LKR 133mn).
Lanka Securities Research