The Bourse ended the week on a negative note this week with ASPI decreasing by 63.35 points (or 0.71%) to close at 8,801.95 points, while the S&P SL20 Index also decreased by 43.64 points (or 1.31%) to close at 3,291.87 points.
Expolanka was the highest contributor to the week’s turnover value, contributing LKR 9.43Bn or 39.94% of total turnover value. Browns Investments followed suit, accounting for 16.91% of turnover (value of LKR 3.99Bn) while Hayleys contributed LKR 0.93Bn to account for 3.96% of the week’s turnover. Total turnover value amounted to LKR 23.61 Bn (cf. last week’s value of LKR 39.55 Bn), while the daily average turnover value amounted to LKR 4.72Bn (-40.31% W-o-W) compared to last week’s average of LKR 7.91Bn. Market capitalization meanwhile, decreased by 0.71% W-o-W (or LKR 28.23 Bn) to LKR 3,922.23 Bn cf. LKR 3,950.47 Bn last week.
Liquidity (Value & Volume)
Transportation Industry Group was the highest contributor to the week’s total turnover value, accounting for 39.97% (or LKR 9.44Bn) of market turnover. Industry Group’s turnover was driven primarily by Expolanka which accounted for 99.91% of the sector’s total turnover. Food Beverage & Tobacco Industry Group meanwhile accounted for 19.42% of the total turnover value while Capital Goods Industry Group contributed 16.39% to the weekly turnover.
The Food Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 42.59% (or 442.45 Mn shares) of total volume, with a value contribution of LKR 4.59Bn. The Diversified Financials Industry Group followed suit, adding 19.52% to total volume (202.83 Mn shares) while Consumer Services Industry Group contributed 9.30% (96.60 Mn shares) to the weekly share volume.
Dividend Announcements
Company, DPS (Rs.), Dividend Type, Date(XD); The Autodrome PLC, .60, Final Dividend, 29/09/2021.
Key Economic Indicators August; Prime Lending Rate-5.85%; Ave. Wtd. Deposit Rates-4.75%; Ave. Wtd. Fixed Dep. Rates-5.62%; CCPI Inflation Y-o-Y %-6%.
Net Foreign Position
Foreign investors were net sellers this week with a total net outflow amounting to LKR 1.26 Bn relative to last week’s total net outflow of LKR 0.66 Bn (-89.5% W-o-W). Total foreign purchases decreased by 65.8% W-o-W to LKR 0.36Bn from last week’s value of LKR 1.06Bn, while total foreign sales amounted to LKR 1.62Bn relative to LKR 1.73Bn recorded last week (-6.1% W-o-W).
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