Colombo bourse started the weekly operations on a flat note where All Share Price index marginally declined by 3.98 points or -0.05% to end at 7,284.76 while S&P SL 20 index declined by 13.32 points (-0.33%) to end at 4,053.82.
Today’s losses were mainly driven by price depreciations in index high cap counters such as Commercial Bank (closed at LKR 165.10, -2.1%), Distilleries (closed at LKR 280.00, -3.1%) and John Keells Holdings (closed at LKR 200.50, -0.7%)
Daily market turnover was LKR 763mn. Commercial Credit & Finance emerged as the top contributor to the market turnover with LKR 76mn underpinned by the single crossing where 0.8mn shares changed hands at LKR 72.00 per share. The crossings represented 7% of the total market turnover. Further Asian Alliance Insurance (LKR 60mn), Alufab (LKR 34mn) and Hayleys (LKR 32mn) recorded next best contributions to the turnover.
Colombo bourse concluded the session on a negative note on Tuesday amid profit taking in selected stocks. The positive momentum in the morning session faltered in the mid-day pulling the index down to 7,261.78, with a drop of 22.98 points (-0.3%) while the S&P SL 20 index lost 16.01 points (-0.4%) to close at 4,037.81.
The negative sentiment was reflected in the broad market where out of the 262 counters traded, the losers outweigh the gainers 126 to 86. 50 counters remained unchanged.
The market turnover improved to LKR 1.2bn. The premier banks, namely, Commercial Bank (LKR 348mn), Sampath Bank (LKR 106mn), Hatton National Bank (LKR 76mn) and Seylan Bank – nonvoting (LKR 60mn) made the top contributions to the turnover. These four counters collectively accounted for 50% of the market turnover.
Colombo shares ended in negative territory for the third consecutive session despite favorable dividend announcements and further decline in Treasury bill rates. The main index shed 8.28 points or 0.11% to record a nearly two week low of 7,253.50. S&P SL 20 index lost 6.95 points (-0.17%) to end at 4,030.86.
Daily market turnover crossed LKR 1bn mark for the second consecutive session to record LKR 1.5bn. Several crossings were recorded in Commercial Bank (1.5mn shares at LKR 164.00 per share) and National Development Bank (0.7mn shares at LKR 275.00 per share). Total crossings accounted for 28% of the market turnover.
Colombo equities ended flat on Thursday amid the profit taking witnessed in several counters. All share index bagged 2.21 index points or 0.03% to end at 7,255.71 while 20-scrip S&P SL20 index gained 4.18 index points (+0.10%) to close at 4,035.04.
Price appreciation in high caps such as Distilleries (closed at 280.00, +2.9%), Dialog Axiata (closed at LKR 11.70, +0.9%) and Bukit Darah (closed at LKR 680.00, +1.2%) contributed positively to index performance.
Daily market turnover reached to LKR 1.4bn underpinned by several crossings. Commercial Bank emerged as the top contributor to the turnover with LKR 515mn supported six crossings of 2.2mn shares at LKR 164.00-165.00. Turnover from the counter accounted for 37% of the total turnover.
John Keells Holdings (LKR 131mn), Hatton National Bank (LKR 92mn) & Union Bank (LKR 90mn) were next best contributors to the total turnover.
Several crossings were seen in Union Bank (3.3mn shares at LKR 24.80), Hatton National Bank (0.2mn shares at LKR 229.30), John Keells Holdings (0.1mn shares at LKR 201.00) and Sampath Bank (0.1mn shares at LKR 270.00). Aggregate value crossings represented 39% of the total turnover.
Out of 254 counters, 106 slipped, 90 advanced while 58 counters remained unchanged. Cash map sharply declined to 38% from 52%. 6 counters managed to reach 52wk high prices while 6 counters touched 52wk low price levels.