CSE ends flat; Foreign selling in Asiri

Sri Lanka, Jan 31 (Capital Leads) – The broad market All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) closed firm today as the market witnessed net foreign outflow amid foreign selling in Asiri Hospital (ASIR).

Dipping 0.02 percent from yesterday, the All Share Price Index (ASPI) edged down 1.39 points to close the session at 5,989.90 points, while more liquid S&P SL20 Index, losing 0.11 percent, dropped 3.37 points to reach 3,073.71 points.

Backed by three crossings from Ceylon Tobacco (CTC) and Central Finance (CFIN), the off-board contribution to the turnover stood at 31 percent while daily turnover reached LKR442.0 mn (USD2.5 mn), as YTD average daily turnover narrowed to LKR578.9 mn (USD3.2 mn).

With 0.1 mn of its shares trading off-board at LKR1,420.0 per share through two crossings, Ceylon Tobacco (CTC) led the turnover generation with 27 percent of contribution, followed by 19 percent from Asiri Hospital (ASIR) which dropped 2.2 percent of value to close at LKR22.0.

Meanwhile, Beverage, Food and Tobacco stocks made the highest sector-wise contribution to the turnover with 33 percent, followed by 22 percent from Banks, Finance and Insurance stocks.

Driven by foreign selling in Asiri Hospital (ASIR), the net foreign selling today reached LKR82.5 mn (USD0.5 mn) as YTD net foreign outflow expanded to LKR2.3 bn (USD12.9 mn).

Disclosure: I/We have no investments in the stocks mentioned in the above article and don’t intend to open any within the next 72 hours. I wrote this article for myself, and it expresses my opinion. I/We receive no compensation, nor do I/We have any business relationship with any companies whose stocks are mentioned in the article.

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