The Colombo bourse maintained the upward momentum yesterday amidst mixed investor interest on selected stocks whilst corporate earnings re-creating history and recording a total close to LKR110 bn in the first quarter of 2021. Thus, the All Share Price Index increased by 36.9 points (+0.5%) to close at 7,601.2 led by local investor participation whilst S&P SL20 Index also gained by 31.6 points (+1.0%) to close the day at 3,074.1.
Moreover, LOLC Holdings, Hemas Holdings, Distilleries, Royal Ceramics and Expolanka Holdings remained as the top positive contributors to the ASPI during the day. Further, the broader market’s total turnover stood at LKR3,227.2 mn (USD16,103.9k) vs. the 12-month average daily turnover of LKR3,080.9 mn (USD15,373.7k) whilst the volume traded for the day was 140,885.2k against the 12-month average daily volume of 171,587.7k.
Materials, Capital Goods and Food and Beverage were the main sectors that contributed to the daily turnover. The top traded counters for the day were Hatton National Bank (Non-Voting) LKR722.0 mn, Royal Ceramics LKR181.4 mn, Alumex LKR173.4 mn, LOLC Holdings LKR132.3 mn and Prime Land Residencies LKR106.5 mn. Foreigners were net sellers recording an outflow of LKR546.2 mn (USD272.6k) during the day.
Foreign purchases stood at LKR159.1 mn (USD79.4k) enticed by Cargills (LKR84.8 mn), Hemas Holdings (LKR22.8 mn), Royal Ceramics (LKR14.4 mn) and Vallibel One (LKR3.3 mn) whilst total foreign sales amounted to LKR705.3 mn (USD351.9k), mainly seen in Hatton National Bank (Non-Voting) (LKR606.9 mn), Sunshine Holdings (LKR16.6 mn), John Keells Holdings (LKR13.8 mn) and Ceylon Tobacco (LKR9.9 mn). (Softlogic Stockbrokers)
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