Market strengthens to two month high with Rs.4 bn turnover | Daily News

Market strengthens to two month high with Rs.4 bn turnover

Bourse closed strongly in the green territory, following the continuous upward momentum throughout the week. In the beginning, market witnessed dull sentiment where indexes dropped by over 80 points, First Capital Holdings said.

Turnover continued to strengthen to two month high of Rs. 4 bn (+151% cf. monthly average turnover of Rs.1.6 bn).

Transportation sector solely contributed 36% to the market turnover supported by the off-board transaction of EXPO amounted to Rs.1.1bn. Followed by Capital Goods and Energy sectors which contributed 16% and 15%, respectively. Market volume declined slightly compared to yesterday’s session recording at 126.6Mn but however remained above the monthly average volume of 66.5Mn.

EXPO and LIOC continued to dominate market turnover with a contribution of Rs.1.5Bn and LKR 0.6Bn, respectively. Meanwhile, BIL and SEMB were among the top volume contributors.

Top gainers for the day were ASPH (+33.3%), SEMB.X (+33.3%), CFVF (+13.8%), CFLB

(+12.3%) and CALT (+11.0%). Meanwhile the top losers were OFEQ (-24.5%), CRL (-10.3%), SEMB (-10.0%), TESS.X (-10.0%) and MCPL (-9.3%).

 

Net foreign buying surpassed the Rs.1 Bn mark after nearly 2-month and recorded at Rs. 1.1 Bn during the day as SG holdings continued to buy back a sizeable quantity of the shares of EXPO amounted to LKR 1.1Bn. Meanwhile, LIOC and UBC recording the top highest foreign outflow.


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