The Bourse ended the week on a mixed note this week with ASPI decreasing by 7.82 points (or 0.07%) to close at 10,658.72 points, while the S&P SL20 Index increased by 58.63 points (or 1.62%) to close at 3,674.58 points.
Turnover & Market Capitalization
L O L C Finance was the highest contributor to the week’s turnover value, contributing LKR 12.06Bn or 32.74% of total turnover value. Expolanka followed suit, accounting for 12.89% of turnover (value of LKR 4.75Bn) while Sunshine Holding contributed LKR 2.45Bn to account for 6.66% of the week’s turnover. Total turnover value amounted to LKR 36.83 Bn (cf. last week’s value of LKR 38.24 Bn), while the daily average turnover value amounted to LKR 9.21 Bn (20.41% W-o-W) compared to last week’s average of LKR 7.65 Bn. Market capitalization meanwhile, decreased by 0.01% W-o-W (or LKR 0.35 Bn) to LKR 4,756.78 Bn cf. LKR 4,757.14 Bn last week.
Liquidity (Value & Volume)
Diversified Financials Industry Group was the highest contributor to the week’s total turnover value, accounting for 42.31% (or LKR 15.59Bn) of market turnover.
Industry Group’s turnover was driven primarily by L O L C Finance, L O L C Holdings and Comm Lease & Fin which accounted for 92.59% of the sector’s total turnover.
Food Beverage & Tobacco Industry Group meanwhile accounted for 17.12% of the total turnover value while Capital Goods Industry Group contributed 13.02% to the weekly turnover.
The Diversified Financials Industry Group dominated the market in terms of share volume, accounting for 42.35% (or 661.38 Mn shares) of total volume, with a value contribution of LKR 15.59Bn.
The Food Beverage & Tobacco Industry Group followed suit, adding 21.06% to total volume (328.92 Mn shares) while Capital Goods Industry Group contributed 8.44% (131.77 Mn shares) to the weekly share volume.
Dividend Announcements
Company, DPS(Rs.), Dividend Type, Date(XD); VIDULLANKA PLC (VOTING), 0.175, Second interim, 26-Nov-21; VIDULLAKNA PLC (NON-VOTING), 0.175, Second interim, 26-Nov-21; COMMERCIAL DEVELOPMENT COMPANY PLC, 2.5, First interim, 29-Nov-21; EX-PACK CORRUGATED CARTONS LIMITED PLC, 0.2, First interim, 30-Nov-21; C T HOLDINGS PLC, 1.55, First interim, 30-Nov-21; CARGILLS (CEYLON) PLC, 2, First interim, 30-Nov-21; ASIA SIYAKA COMMODITIES PLC, 0.1, First interim, 30-Nov-21
Key Economic Indicators October: Prime Lending Rate- 7.18%; Ave. Wtd. Deposit Rates- 4.79%; Ave. Wtd. Fixed Dep. Rates- 5.7%; CCPI Inflation Y-o-Y %- 7.6%.
Net Foreign Position
Foreign investors were net sellers this week with a total net outflow amounting to LKR 1.44 Bn relative to last week’s total net outflow of LKR 0.01 Bn (-12,691.4% W-o-W). Total foreign purchases increased by 51.5% W-o-W to LKR 0.56Bn from last week’s value of LKR 0.37Bn, while total foreign sales amounted to LKR 2.00Bn relative to LKR 0.38Bn recorded last week (421.8% W-o-W).
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