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Monday
Colombo shares drifted lower on Monday in another light trading session as the political uncertainties checkmated the points gained in the previous session. The main index lost 17.64 index points or -0.25% to end at 6,989.41 while S&P SL 20 index marginally lost 3.49 pints (-0.09% to end at 3,911.49. Daily market turnover was LKR 454mn.

Tuesday
Uncertainty in political environment hampered the gains for the second consecutive session as the All Share price index recorded a 12-week low of 6,967.78 with a loss of 21.63 points or -0.31%. S&P SL 20 index lost 19.96 points (-0.51%) to end at 3,891.53. Daily market turnover reached LKR 714mn.

Wednesday
Colombo benchmark stock index tumbled for the third consecutive day to record a three month low amid the increase in short-term treasury yields. Political uncertainties continued to keep investors on sidelines and the bourse witnessed another lackluster trading session. All Share index shed hefty returns of 43.99 index points (-0.63%) to end at 6,923.79 while S&P SL20 index recorded a 14 week low to close at 3,850.37 with a loss of 41.16 index points or 1.06%. Daily market turnover was LKR 520mn.

Thursday
Colombo shares recovered some lost ground on Thursday ending the three day losing streak. The main bourse advanced by 23.26 index points or -0.34% to end at 6,947.05 while S&P SL 20 index gained 20.34 points (+0.53%) to end at 3,870.71.

Blue chips gave the market momentum as heavy weight counters like John Keells Holdings (closed at LKR 179.00, +2.1%), Hatton National Bank (closed at LKR 207.90, +2.4%) and Asian Hotels & Properties (closed at LKR 65.80, +4.4%) inclined in today’s session. In addition both warrants of John Keells Holdings, Warrant 0022 (closed at LKR 18.70, +2.8%) and Warrant 0023 (closed at LKR 31.30, +3.3%) advanced during the session along with the main share.

Daily market turnover was LKR 1bn. The market turnover was boosted by the hefty crossings recorded in Dialog Axiata where 41.4mn shares changed hands at a price range of LKR 10.10-10.20.  DIAL crossings accounted for 54% of the market turnover.

The market activity was positive with 129 stocks rising 65 stocks declining and 38 counters remained unchanged. Cash map further stepped down to 33% from 35%. Meanwhile 17 counters declined to 52wk low prices while only Vidullanka (LKR 9.30, +1.1%) and Industrial Asphalts (Ceylon) (LKR 380.00, +22.9%) reached 52wk high prices.

Anilana Hotels & Properties led the trades followed by Nation Lanka Finance, Dialog Axiata and Dankotuwa Porcelain.

Foreign investors extended selling streak for the seventh consecutive day with a net outflow of LKR 578mn. Foreign participation was 39%. Net foreign outflows were seen Dialog Axiata (LKR 554mn), John Keells Holdings (LKR 68mn) and Commercial Bank (LKR 17mn) while net foreign inflow was mainly seen in Hemas Holdings (LKR 77mn). Subsequent to today’s foreign outflows, the year to date net foreign inflow dropped below LKR 1bn to LKR 513mn.

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