The Bourse ended the week on a positive note this week with ASPI increasing by 205 points (or 2.42%) to close at 8,668.07 points, while the S&P SL20 Index also increased by 202 points (or 6.09%) to close at 3,514.18 points.
Turnover & Market Capitalization
L O L C Holdings was the highest contributor to the week’s turnover value, contributing LKR 8.07Bn or 14.88% of the total turnover value. Expo Lanka followed suit, accounting for 10.91% of turnover (value of LKR 5.92Bn) while Sampath contributed LKR 3.56Bn to account for 6.56% of the week’s turnover. Total turnover value amounted to LKR 54.26Bn (cf. last week’s value of LKR 60.02Bn), while daily average turnover value amounted to LKR 13.56Bn (12.99% W-o-W) compared to last week’s average of LKR 12Bn. Market capitalization meanwhile, increased by 2.42% W-o-W (or LKR 89.46Bn) to LKR 3,789.15Bn cf. LKR 3,699.69Bn last week.
Liquidity (Value & Volume)
The Capital goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 25.73% (or LKR 13.96Bn) of market turnover. Industry Group’s turnover was driven primarily by JKH, Hayleys, Royal ceramic & Vallibel One which accounted for 72.08% of the sector’s total turnover. Diversified financials Industry Group meanwhile accounted for 19.77% of the total turnover value while Banks Industry Group contributed 15.28% to the weekly turnover.
The Materials Industry Group dominated the market in terms of share volume, accounting for 50.47% (or 1341.26Mn shares) of total volume, with a value contribution of LKR 7.72Bn. The Food, Beverage & Tobacco Industry Group followed suit, adding 13.35% to total volume (354.81Mn shares) while diversified financials Industry group contributed 13.27% (352.79Mn shares) to the weekly share volume.
Dividend Announcements
Company DPS(Rs.) Dividend Type Date(XD); JOHN KEELLS HOLDINGS PLC 0.5 Third interim 9/2/2021; HATTON PLANTATIONS PLC 0.5 First interim 9/2/2021; BPPL HOLDINGS PLC 0.24 First interim 10/2/2021.
Key economic indicators December 2020; Prime Lending Rate - 5.74%, Ave. Wtd. Deposit Rates - 5.8%, Ave. Wtd. Fixed Dep. Rates - 7.14%, CCPI Inflation Y-o-Y % (Base 2013) - 4.2%.
Net Foreign Position
Foreign investors were net sellers this week with total net outflow amounting to LKR 4.57Bn relative to last week’s total net outflow of LKR 2.36Bn (-94% W-o-W).
Total foreign purchases decreased by 7.6% W-o-W to LKR 0.99Bn from last week’s value of LKR 1.07Bn, while total foreign sales amounted to LKR 5.56Bn relative to LKR 3.43Bn recorded last week (62.3%W-o-W).
