Impressive start in September, first time in the history Colombo bourse ASPI surpassed 9,000 level yesterday, recording impressive turnover over LKR14 bn with retail and high net worth investor interest. The All Share Price Index inched upwards by165.5 points (+1.8%) to close at 9,163.1 whilst the S&P SL20 Index also increased by 75.9 points (+2.3%) to close the day at 3,440.5. Expolanka Holdings, Browns Investments, Hayleys, LOLC Holdings and Royal Ceramics remained as the top positive contributors to the ASPI during the day.
Further, broader market’s total turnover stood at LKR 14,614.2 mn against the 12-month average daily turnover of LKR 3,721.5 mn, whilst the volume traded for the day was 484,165.8k against the 12-month average daily volume of 202,480.1k.Transportation, Capital Goods, Diversified Financials and Food and Beverage sectors mostly contributed to the day’s turnover.
The top traded counters for yesterday were Expolanka Holdings LKR 4,703.3 mn (+7.9%) which contributed to 32% of the total turnover,
Browns Investments LKR 2,920.4 mn (+10.6%), Hayleys LKR 996.1 mn (8.8%), Hatton National Bank LKR 675.0 mn (-2.0%) and LOLC Holdings LKR 673.8 mn (+3.1%).Further, off-board transactions were witnessed in Commercial Bank (LKR 42 mn),Royal Ceramics(LKR 112 mn),Hatton National Bank (Non Voting)(LKR 104 mn), Sampath Bank (LKR 51 mn) and Hatton National Bank (Voting) (LKR 675 mn)and yesterday.
Additionally, SMB Leasing (Voting), Industrial Asphalts, Amana Takaful Life, Kotagala Plantations and Prime Finance were the top price gainers yesterday whilst Hunters & Co, HNB Finance, Good Hope and Tangerine Beach were the top price losers. Further, Browns Investments, Expolanka Holdings, SMB Leasing, LOLC Finance and Royal Ceramics were amongst the most actively traded stocks yesterday. In addition, Abans Electricals announced a first and final dividend of LKR3.0 for FY21.
In a midyear economic update, ICRA Lanka revised its forecast for Sri Lanka’s economic growth this year, downgrading it from 3.6 percent to 3.4 percent. The rating agency notes that this projection is based on the assumption that there will not be any major shocks in the second half of the year.
(Courtesy Softlogic Stock Brokers)
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