CSE Turnover touches more-than-four-month low

Sri Lanka, May 23 (Capital Leads) – The Colombo Stock Exchange (CSE) witnessed another session of thin trading today as market turnover dropped to a more-than-four-month low. However, indices ended on a mixed note amid local investor interest in Chevron Lubricants (LLUB).

The broad market All Share Price Index (ASPI) edged up 10.12 points to stand at 5,305.80 points, a gain of 0.19 percent from yesterday. More liquid S&P SL20 Index, losing 6.22 points reached 2,466.88 points, a decline of 0.25 percent.

With no off-board transactions, the total number of shares traded stood at 7.1 mn, a 16 percent decline from yesterday’s 8.4 mn. The market turnover slumped to LKR83.5 mn (USD0.5 mn), its lowest since January 04, 2019, while YTD average daily turnover further narrowed to LKR552.6 mn (USD3.1 mn).

Amid local investor interest, Chevron Lubricants (LLUB) remained unchanged in value to make up the highest turnover generation of 15 percent. Meanwhile, Banks, Finance, and Insurance stocks spearheaded the sectoral turnover generation with 41 percent contribution.

Led by foreign selling in LLUB, net foreign outflow reached LKR8.4 mn (USD47.6 k), extending the YTD net foreign outflow to LKR5.8 bn (USD33.0 mn).

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