Colombo bourse witnessed some volatility during the first hour of trading and then maintained the upward momentum throughout the trading session to reach a market capitalization Rs. 4.0 trillion yesterday whilst recording a healthy turnover of Rs. 10 billion.
The All Share Price Index inched upwards by 103.2 points (+1.2%) to close at 8,997.6 whilst the S&P SL20 Index also increased by 65.4 points (+1.9%) to close the day at 3,375.7. Expolanka Holdings, Commercial Leasing and Finance, Browns Investments, Commercial Bank and Sampath Bank remained as the top positive contributors to the ASPI during the day.
Further, broader market’s total turnover stood at Rs. 10,864 mn against the 12-month average daily turnover of LKR 3,670 mn, whilst the volume traded for the day was 328,880.5k against the 12-month average daily volume of 200,696.7k. Materials, Transportation, Capital Goods, Diversified Financials and Food and Beverage sectors mostly contributed to the day’s turnover.
In addition, the All share price index gained 877.1 points (+10.8% MoM, +32.8% YTD) whilst S&P SL20 Index also gained 313.6 points (10.2% MoM, 28.0% YTD), recording the total monthly turnover over Rs. 143 bn to conclude the month of August’21. The top traded counters for yesterday were Expolanka Holdings Rs. 4,947.8 mn (+18.9%) which contributed to 45% of the total turnover, Browns Investments Rs. 1,788.1 mn (+1.9%) LOLC Holdings Rs. 717.6 mn (-1.5%), Dipped Products Rs. 493.6 mn (-1.2%) and Hayleys Rs. 458.8 mn (0.0%).
Further, off-board transactions were witnessed in Ambeon Holdings (Rs. 100 mn), Sanasa Development Bank (Rs. 20 mn), John Keells Holdings (Rs. 65 mn), Sampath Bank (Rs. 30 mn) and Windforce (Rs. 63.7 mn) and yesterday.
Additionally, SMB Leasing (Non-Voting), Industrial Asphalts, Shalimar, Expolanka Holdings and Chrissworld were the top price gainers yesterday whilst Serendib Land, The Autodrome, Softlogic Life Insurance and York Arcade were the top price losers. (Courtesy: Softlogic Stock Brokers)
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