YTD net foreign inflow crosses Rs. 4 bn

ASPI closed in green due to price gains in counters such as Dialog Axiata, Sri Lanka Telecom and Lanka Orix Leasing Company with turnover crossing Rs 264 Mn. A similar behaviour was seen in the S&P SL20 during the day. Crossings were witnessed in Renuka Holdings and Softlogic Holdings accounting for 43.5% of turnover. Furthermore, foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

During the week, the ASPI and the S&P SL20 gained 0.19% and 0.39% respectively whilst recording an average daily turnover for the week of Rs 801Mn.

Diversified sector was the top contributor to the market turnover (due to Softlogic Holdings and John Keells Holdings) whilst the sector index edged down 0.04%. The share price of Softlogic Holdings gained Rs 0.50 (3.85%) to close at Rs 13.50. The share price of John Keells Holdings moved down by Rs 0.20 (0.12%) closing at Rs 165.70. Investment Trusts sector was the second highest contributor to the market turnover (due to Renuka Holdings) whilst the sector index increased by 0.74%. The share price of Renuka Holdings decreased by Rs 0.10 (0.46%) to close at Rs 21.70. Chevron Lubricants and Central Finance Company were also included amongst the top turnover contributors. The share price of Chevron Lubricants recorded a loss of Rs 0.20 (0.17%) to close at Rs 116.00. The share price of Central Finance Company appreciated by Rs 0.30 (0.30%) to close at Rs 101.40. Furthermore, Commercial Bank and Teejay Lanka announced their interim dividends of Rs 3.00 and Rs 0.70 per share respectively.