The Bourse ended the week on a positive note this week with ASPI increasing by 345.31 points (or 5.10%) to close at 7,119.53 points, while the S&P SL20 Index also increased by 66.77 points (or 2.53%) to close at 2,704.87 points.
Turnover & Market Capitalization
Expo Lanka was the highest contributor to the week’s turnover value, contributing LKR 2.90Bn or 8.63% of the total turnover value. Browns investments followed suit, accounting for 7.96% of turnover (value of LKR 2.68Bn) while BPPL Holdings contributed LKR 1.38Bn to account for 4.10% of the week’s turnover. Total turnover value amounted to LKR 33.62Bn (cf. last week’s value of LKR 8.13Bn), while daily average turnover value amounted to LKR 6.72Bn (313.51% W-o-W) compared to last week’s average of LKR 1.63Bn. Market capitalization meanwhile, increased by 5.12% W-o-W (or LKR 151.55Bn) to LKR 3,112.20Bn cf. LKR 2,960.65Bn last week.
Liquidity (Value & Volume)
The Food Beverage and Tobacco Industry Group was the highest contributor to the week’s total turnover value, accounting for 41.47% (or LKR 13.94Bn) of market turnover. Industry Group’s turnover was driven primarily by Browns investments which accounted for 19.19% of the sector’s total turnover. Capital goods Industry Group meanwhile accounted for 44.15% of the total turnover value while Materials Industry Group contributed 21.08% to the weekly turnover.
The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 67.90% (or 2188.11 Mn shares) of total volume, with a value contribution of LKR 13.94 Bn. The Materials Industry Group followed suit, adding 9.98% to total volume (321.57Mn shares) while Capital goods contributed 3.53% (113.80Mn shares) to the weekly share volume.
Dividend Announcements
Company DPS(Rs.) Dividend Type Date (XD) DIESEL AND MOTOR ENGINEERING PLC 2.50 First and Final dividend 18/01/2021.
Key Economic Indicators November Prime Lending Rate - 5.95%, Ave. Wtd. Deposit Rates - 6.01%, Ave. Wtd. Fixed Dep. Rates - 7.37%, CCPI Inflation Y-o-Y % (Base 2013) - 4.1%.
Net Foreign Position
Foreign investors were net sellers this week with total net outflow amounting to LKR 0.96Bn relative to last week’s total net outflow of LKR 0.302Bn (-219.2% W-o-W). Total foreign purchases increased by 346.7% W-o-W to LKR 0.56Bn from last week’s value of LKR 0.13Bn, while total foreign sales amounted to LKR 1.53Bn relative to LKR 0.43Bn recorded last week (256.7% W-o- W).
