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Monday
Colombo bourse extended the losses for the third consecutive session to start the weekly activities on a negative note amid foreign selling. Further, CBSL governor’s indication of rate hike amid persistent credit growth also hampered the investor sentiment.

Benchmark All Share Price index lost 32.16 points or 0.45% to close at 7,078.64 while S&P SL 20 index lost 17.59 points (-0.45%) to end at 3,869.55. Daily market turnover hit a nearly five-week high of LKR 1.9bn, passing the LKR 1bn mark for the second consecutive session.

Tuesday
Colombo equities swung between gains and losses on Tuesday and ended the session on a mixed note. Main index managed to touch 7,099 mark but failed to retain the momentum and closed at 7,085.38, up by 6.74 index points or 0.10%. S&P SL20 index shed 10.94 index points or 0.28% to end at 3,858.61.

Daily market turnover was LKR 816mn.

Wednesday
Selling pressure in blue-chip stocks dragged the Indices down on Wednesday and the ASI declined by 34.51 index points or -0.49% to end at a 11-week low of 7,050.87. S&P SL 20 index dropped 32.46 points (-0.84%) to end at 3,826.15. Main index lost 59.93 points or 0.8% during this week.
Daily market turnover crossed the LKR 1bn mark for the second time in the week to record LKR 1.3bn.

Thursday
Colombo bourse regained lost grounds on Thursday where the foreign investors lift their activity to record the highest foreign participation after 17 months. Activity level of the foreigners increased during the week to record average of 59% of the market activity, amid the positive sentiments triggered in the UNHCR session, favoring the country and its economy.

Benchmark index gained 29.61 index points (+0.42%) to end at 7,080.48 and 20-scrip S&P SL index recorded marginal gains of 10.18 index points or 0.27% to close at 3,836.33.

Price advances in high caps such as Dialog Axiata (closed at LKR 11.10, +1.8%), Commercial Leasing & Finance (closed at LKR 4.20, +5.0%) and Lion Brewery (closed at LKR 630.00, +1.6%) pushed index performance to greener territory.

Daily market turnover crossed LKR 1bn for the second consecutive day to record LKR 1.8bn, boosted by hefty crossings which accounted for 71% of the total turnover.

Accordingly, John Keells Holdings emerged as the top contributor to the turnover with LKR 521mn followed by Commercial Bank (LKR 290mn), Kelani Tyre (LKR 277mn) and Nations Trust Bank (LKR 268mn).

Lanka IOC attracted heavy retail investor participation and counter reached LKR 43.20 but closed lower at LKR 42.70 (+3.6%).

Foreign investors closed the session on buying side with a net foreign inflow of LKR 284mn. Foreign participation was 68%. Net foreign inflows were seen in Nations Trust Bank (LKR 265mn), Commercial Bank (LKR 25mn), Hemas Holdings (LKR 16mn) while net foreign outflow was mainly seen in John Keells Holdings (LKR 25mn).

• DFCC Bank announced that the bank has obtained a commercial banking license from monetary board of CBSL and will be operating as a licensed commercial bank with effect from 01st October 2015.

• Bank of Ceylon on Thursday announced that its LKR 8bn debenture issue which opened today for subscriptions was oversubscribed within hours of the opening. Accordingly the issue was closed today.

• Citizen Development Business Finance informed that ICRA Lanka Limited has assigned an issuer rating of BBB with a stable outlook.

• Brown & Company announced an interim dividend of LKR 0.30 per share.

• At Wednesday’s Treasury bill auction, CBSL has rejected bids on 12M T-Bills. 3M and 6M T-bill yields remained unchanged at 6.78% and 7.07% respectively. CBSL offered LKR 20.0bn worth of Treasury bills today and the auction was oversubscribed by 2.2 times with bids received amounting to LKR 44.5bn. It was decided to accept LKR 5.9bn worth of bills.

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