Sri Lanka, Apr 01 (Capital Leads) – The Colombo Stock Exchange (CSE) closed the session on a mixed note today as the sector of Diversified Holdings led the turnover generation amid local selling in John Keells Holdings (JKH) and Hemas Holdings (HHL).
The broad market All Share Price Index (ASPI) gained 10.53 points to close 0.19 percent higher than the previous session at 5,567.77 points. The more liquid S&P SL20 Index meanwhile dropped 22.24 points, to reach 2,716.71 points, a loss of 0.81 percent.
The market witnessed two crossings today where JKH and HHL transacted 0.5 mn shares each at LKR156.0 and LKR74.5 per share respectively. With 6.7 mn shares trading in total today, the daily market turnover reached LKR458.6 mn (USD2.6 mn), close to three-quarters of YTD average daily turnover at LKR647.7 mn (USD 3.7 mn).
JKH led the turnover generation today with a contribution of 80 percent as the stock fell 0.64 percent driven by local selling. With 90 percent of contribution to the day’s turnover, the sector of Diversified Holdings spearheaded the sectoral contribution today.
Amid foreign inflows in JKH and HHL, the market witnessed net foreign inflow for the second consecutive session today. Overseas investors bought shares worth a net LKR358.7 mn (USD2.0 mn), narrowing the YTD net foreign outflow to LKR5.7 bn (USD32.5 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.