Sri Lanka, Feb 07 (Capital Leads) – Driven by foreign selling in John Keells Holdings (JKH), The Colombo Stock Exchange (CSE) today witnessed the largest single-day net foreign outflow for the year as YTD aggregate net foreign outflow exceeded LKR3 bn.
Gaining 0.04 percent from yesterday, the All Share Price Index (ASPI) climbed 2.38 points to close at 5,959.79 points, while more liquid S&P SL20 Index, lost 4.50 points to stand at 3,053.25 points, 0.15 percent lower than the previous session.
Contributing 72 percent to the daily turnover, the off-board transactions dominated the turnover generation as six crossings comprising 3.7 mn shares of John Keells Holdings (JKH) traded at LKR156.0 per share.
With 10.0 mn shares trading both onboard and off-board, the daily turnover more than tripled from yesterday to reach LKR797.0 mn (USD4.5 mn) with YTD average daily turnover expanding to LKR576.6 mn (USD3.3 mn)
Declining 0.57 percent in value, JKH made the highest contribution to the turnover with 87 percent, while diversified holdings, generating 88 percent of the day’s turnover, dominated the sector-wise contribution.
Driven by foreign selling in JKH, the market today witnessed the largest single-session net foreign outflow for the year as foreigners sold shares worth a net LKR685.1 mn (USD3.9 mn), expanding the YTD net foreign outflow to LKR3.5 bn (USD19.4 mn).
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