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Monday
Colombo equity market started weekly operations on optimistic note where main index advanced for the second consecutive day, reflecting the positive investor sentiment. Main index inclined by 17.69 index points or 0.25% to end at 7,078.97 while 20-scrip S&P SL index gained 12.95 index points (+0.33%) to close at 3,926.96. Daily market turnover was LKR 731mn.

Tuesday
Colombo bourse ended in negative territory snapping two day gains on Tuesday amid price declined in index heavy counters. The main index lost 34.37 index points or -0.49% to end at a nearly 9-week low of 7,044.60 while S&P SL 20 index lost 15.90 points (-0.40%) to end at 3,911.06. The decline was mainly driven by price depreciation in counters such as Nestle Lanka (closed at LKR 2,000.10, -6.1%), Hemas Holdings (closed at LKR 83.50, -0.6%) and DFCC Bank (closed at LKR 201.00, -2.7%). In addition, the market capitalization dropped below LKR 3,000bn mark to record LKR 2,993.

Daily market turnover reached LKR 861mn supported by several crossings. The total crossings accounted for 53% of the market turnover.

Wednesday
Colombo shares ended on flat note on Wednesday, as the main index marginally advanced by 5.11 points or 0.07% to end at 7,049.71 while S&P SL 20 index marginally advanced by 3.70 points (+0.09%) to end at 3,914.76. Price depreciations in primary blue chips such as John Keells Holdings (closed at LKR 197.00, +2.0%), Hemas Holdings (closed at LKR 83.00, +3.4%) and Distilleries (closed at LKR 275.00, +1.7%) contributed positively to the index performance. Daily market turnover crossed the LKR 2bn mark after one month to record a turnover of LKR 2.1bn.

Thursday
Colombo equities witnessed positive returns on Thursday for the second consecutive day despite thin foreign investor activity. All Share index managed to bag 14.44 index points (+0.20%) to end at 7,064.15 while S&P SL20 index inclined by 9.57 index points or 0.24% to close at 3,924.33.

Price appreciations in high cap stocks such as John Keells Holdings (closed at LKR 198.50, +1.8%), Nestle Lanka (closed at LKR 2,030.00, +1.5%) and Sri Lanka Telecom (closed at LKR 46.00, +1.1%) contributed positively to the index performance.

Daily market turnover was LKR 566mn. DFCC Bank topped the turnover list with LKR 101mn underpinned by a single crossing of 0.1mn shares at LKR 200.00. Anilana Hotels & Properties and Ceylon Guardian Investment Trust were next best contributors to the turnover with LKR 62mn and LKR 61mn respectively.

Two crossings were recorded in Ceylon Guardian Investment Trust (0.2mn shares at LKR 185.00) and Adam Capital (8.9mn shares at LKR 2.80). Aggregate value of crossings represented 17% of the total turnover.

Positive investor sentiment was reflected in today’s session where, out 261 counters, 120 advanced, 81 declined while 60 counters remained unchanged. Further, Cash map notably advanced to 53% from 41%. 5 counters managed to reach 52wk high prices while 8 stocks touched 52wk low price levels.

Foreign investors were net buyers with a marginal net inflow of LKR 1mn. Foreign participation declined to a 2 month low of 7%. Net foreign inflows were seen in MTD Walkers (LKR 13mn), Nations Trust Bank (LKR 12mn), Singer Finance (LKR 2mn) while net foreign outflow was mainly seen in Laugfs Gas (LKR 12mn).

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