Colombo bourse started the short trading week in opposite direction with a lackluster trading session as investor remained on sidelines ahead of the holidays. All share index snapped the five day winning streak to close at 6,881.75, down by 2.94 index points or 0.04% while S&P SL20 index gained 4.39 index points or 0.12% to close at 3,628.30.
Price declines in high caps such as Bukit Darah (closed at LKR 500.00, -2.0%), Asian Hotels & Properties (closed at LKR 59.00, -1.5%) and Singer Sri Lanka (closed at LKR 130.00, -3.4%) drove the benchmark index performance to negative territory while gains in S&P SL20 index was supported by price inclines in Hemas Holdings (closed at LKR 92.90, +3.2%) & Sampath Bank (closed at LKR 249.00, +0.4%).
Daily market turnover was a 5 month high of LKR 361mn. Dialog Axiata topped the turnover list with LKR 118mn underpinned by a single crossing of 11mn shares at LKR 10.50. John Keells Holdings (LKR 93mn), Seylan Bank (LKR 19mn) and Commercial Bank (LKR 19mn) were next best contributors to the turnover. Off-the-floor dealings accounted for 32% of the total turnover.
Gainers outweighed the losers 74 to 69, while 58 stocks remained unchanged. Cash map slipped from 60% to 49%. 11 counters declined to 52wk low prices while only Keells Food Products (LKR 215.00) and Sigiriya Village Hotels (LKR 79.50) advanced to 52wk low price levels.
High investor activity witnessed in stocks of Lanka IOC, John Keells Holdings and Textured Jersey.
Sanasa Development Bank has received approval of CSE for the debenture issue of LKR 4bn and the issue will be opened for subscription on 28th December 2015. Counter advanced to LKR 158.90 but closed at 157.90, +1.4%.
Foreign investors were net sellers with a net outflow of LKR 70mn. Foreign participation was 43%. Net foreign outflows were seen in Dialog Axiata (LKR 119mn), Seylan Bank (LKR 12mn), Three Acre Farms (LKR 6mn) while net foreign inflow was mainly seen in John Keells Holdings (LKR 55mn).