Full Stock Market

The ASPI edged down as a result of price losses in counters such as Sri Lanka Telecom, Chevron Lubricants and Commercial Leasing & Finance with the turnover crossing Rs. 489 Mn. Meanwhile, the S&P SL20 closed flat. Crossings were witnessed in Lanka Orix Leasing Company and Tokyo Cement Company, accounting for 74.3% of the turnover.

Mixed interest was observed in Teejay Lanka whilst retail interest was noted in People’s Leasing & Finance. Furthermore, foreigners remained active closing as net sellers mainly due to foreign selling in LOLC Holdings. Total foreign sales accounted for 73.1% of the turnover.

During the week, the ASPI and the S&P SL20 lost 1.21% and 1.68% respectively whilst recording an average daily turnover of Rs. 549 Mn. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to LOLC Holdings and Hatton National Bank) whilst the sector index lost 0.16%. The share price of LOLC Holdings increased by Rs 1.20 (1.37%) closing at Rs 89.00 whilst foreign holdings decreased by 3,807,493 shares.

The share price of Hatton National Bank recorded a loss of Rs 1.00 (0.50%) to close at Rs 199.00. Manufacturing sector was the second highest contributor to the market turnover (due to Tokyo Cement Company and Teejay Lanka) whilst the sector index decreased by 1.04%. The share price of Tokyo Cement Company closed flat at Rs 23.00. The share price of Teejay Lanka appreciated by Rs 0.20 (0.63%) to close at Rs 32.00. John Keells Holdings was also included amongst the top turnover contributors. The share price of John Keells Holdings moved up by Rs 1.50 (0.98%) to close at Rs 154.50. Furthermore, Ceylon Cold Stores announced an interim dividend of Rs 7.00 per share whilst AIA Insurance, Sri Lanka Telecom and National Development Bank announced their first & final dividends of Rs 25.00, Rs 1.06 and Rs 1.50 per share respectively.

Both Hatton National Bank and Commercial Development Company announced a final dividend of Rs 3.50 per share.