Market continues recovery story | Daily News

Market continues recovery story

Broader market reacted positively to the strong corporate earnings released for latest quarter. Market hence continued its recovery story in the month, where the ASPI yesterday increased by 70.0 points (+0.9%) to close at 7,403.4, while the S&P SL20 Index also increased by 23.1 points (+0.8%) to close the day at 2,978.8. Thus for the month of May’21, ASPI gained 195.2 points (+2.7% MoM & +9.3% YTD), whilst the S&P20 index also increased by 110.9 points (+3.9% MoM & +13.0% YTD).

Moreover, LOLC Holdings, John Keells Holdings, Asiri Hospitals, Vallibel One and Lanka Hospitals remained as the top positive contributors to the ASPI during the day. Meanwhile, yesterday’s total turnover stood at LKR3,337.7 mn (USD16,655.1k) vs. 12-month average daily turnover of LKR3,040.2 mn (USD15,170.7k) whilst the volume traded for the day was 119,554.6k against the 12-month average daily volume of 170,651.1k. Capital Goods, Food and Beverage and Materials were the main sectors that contributed to the daily turnover. Furthermore, top traded counters for the day were Royal Ceramics LKR423.3 mn, John Keells Holdings LKR358.9 mn Lanka Walltiles LKR300.1 mn, LOLC Holdings LKR290.3 mn and Dipped Products LKR225.2 mn.

(Courtesy: Softlogic Stock Brokers)