Colombo bourse welcomed the announcement of the general election on a positive note on Monday. The ASI reported mild gains on another lackluster trading session as most of the investors continue to remain on sidelines, assessing the current political developments. All share price index advanced by 15.95 index points or +0.23% in todays’ session to end at 7,032.15 while S&P SL 20 index advanced by 11.37 points (+0.29%) to end at 3,911.96.
Daily market turnover recorded a nearly one week low of LKR 394mn.
Colombo stock market closed with negative returns on Tuesday amid the increase in treasury bill rates. Reflecting the weak investor sentiment, All Share index advanced to 7,035 mark but failed to maintain the optimistic momentum. Main share index shed 11.35 index points (-0.16%) to end at 7,020.80 while 20-scrip S&P SL index marginally declined by 3.93 index points or -0.10% to close at 3,908.03.
Price depreciation in Commercial Leasing and Finance (closed at LKR 4.20, -2.3%), Sri Lanka Telecom (closed at LKR 44.20, -1.8%) and CT Holdings (closed at LKR 130.00, -5.5%) dragged index performance to red zone.
Daily market turnover was LKR 652mn.
Market was closed due to Poya Holiday.
Dreary sentiment continued to dominate the stock market as the bourse started the new month with another lackluster trading session. Benchmark All Share Price index dropped below 7,000-mark after 11-weeks to end at 6,982.80 with a loss of 38.00 index points or 0.54%. S&P SL 20 index lost 14.15 points (-0.36%) to drop below 3,900-mark to end at a 12-week low of 3,893.88.
Prices of index heavy counters such as DFCC Bank (closed at LKR 193.00, -3.4%), Peoples Leasing (closed at LKR 23.00,-1.3%), LB Finance (closed LKR 224.30,-5.6%) declined after going ex-dividend today. Further price decline in Ceylon Tobacco (closed at LKR 899.00, -0.2%) and Sri Lanka Telecom (closed at LKR 43.40, -1.8%) affected adversely to the index performance.
Daily market turnover was LKR 436mn. Peoples Leasing topped the turnover list with LKR 67mn followed by Hemas Holdings (LKR 56mn), Access Engineering (LKR 54mn) and Ceylon Tobacco (LKR 39mn). Single crossing was recorded in Hemas Holdings where 0.7mn shares changed hands at LKR 82.00 per share. The crossing accounted for 13% of the market turnover.