Colombo equity market started weekly operations on negative note where both counters shed returns amid the prevailing political uncertainties. Main index swung between gains and losses on Monday where index touched 7,277 mark in the opening hours. All share index marginally declined by 3.65 index points or 0.05% to end at 7,255.02 while 20-scrip S&P SL index slipped by 0.33% (13.36 index points) to close at 4,037.32. Price declines in Carson Cumberbatch (closed at LKR 402.00, -2.4%), Bukit Darah (closed at LKR 676.00, -2.0%) and Nestle Lanka (closed at LKR 2,249.00, -1.1%) dragged index performance to red zone. Daily market turnover was LKR 1.1bn.
Colombo bourse ended with positive returns on Tuesday as benchmark All Share Price index gained 11.18 points or 0.15% to end at 7,266.20 while S&P SL 20 index gained 9.51 points (+0.24%) to end at 4,046.83.
Price advancements in counters such as Aitken Spence Hotel Holdings (closed at LKR 83.90, +6.2%), Ceylon Tea Services (closed at LKR 785.90, +9.2%) and Selinsing (closed at LKR 1,650.00, +10%) contributed favorably to the index performance.
Daily market turnover reached LKR 1.6bn.
Colombo stock witnessed positive returns on Wednesday amid the continued drop in T-bill yields for the tenth consecutive week. During the opening hours, bourse crossed 7,296 mark but failed to maintain the positive momentum where main index gained 23.57 index points or 0.32% to close at 7,289.77. 20-scrip S&P SL index bagged 26.69 index points (0.66%) to end at 4,073.52.
Price appreciations in John Keells Holdings (closed at LKR 204.90, +1.7%), Carson Cumberbatch (closed at LKR 415.00, +3.2%), LB Finance (closed at LKR 199.00, +7.1%) contributed positively to the index performance.
Daily market turnover was LKR 2.1bn.
Colombo equities ended on negative note after two consecutive sessions of gains amid profit taking and political uncertainties. Both indices witnessed declines ahead of monetary policy review where the main index shed 16.08 points or 0.22% to end at 7,273.69 while 20-script S&P SL 20 index marginally declined by 4.89 points (-0.12%) to end at 4,068.63.
Today’s drops were mainly led by price depreciation in counters such as Carson Cumberbatch (closed at LKR 401.50, -3.3%), Nestle Lanka (closed at LKR 2,005.00, -10.5%) and Good Hope (closed at LKR 1,601.00, -14.8%).
Daily market turnover reached to LKR 1.7bn supported by several negotiated deals recorded in Sampath Bank (0.6mn shares at the price range of LKR 265.00-265.50), Commercial Bank (0.3mn shares at LKR 169.50), John Keells Holdings (0.2mn at LKR 204.00), Lanka Walltiles (0.2mn shares at LKR 116.50), National Development Bank (0.1mn shares at LKR 275.00), Seylan Bank (1.2mn shares at LKR 114.00) and DFCC Bank (0.3mn shares at LKR 213.40). Total crossings represented 30% of the market turnover.
Sampath Bank emerged as the top contributor to the turnover with LKR 169mn followed by Seylan Bank voting (LKR 164mn), Seylan Bank non-voting (LKR 118mn) and Commercial Bank (LKR 106mn).
Losers surpassed the gainers 108 to 97 while 58 counters remained unchanged. Cash map marginally slipped to 56% from 59%. 22 counters advanced to 52wk high prices while 9 counters declined to 52wk low prices. Out of which 08 counters in industrial sector, 07 counters in Finance sector and 03 counters in banking sector advanced to 52wk high prices.
Foreign investors were net sellers with a net foreign outflow of LKR 64mn for the second consecutive session. Foreign participation was 16%. Net foreign outflows were seen in DFCC Bank (LKR 65mn),