Sri Lanka, Jan 23 (Capital Leads) – The Indices of the Colombo Stock Exchange (CSE) ended on a mixed note as another session of thin volumes was witnessed today despite foreign inflow continuing for the second consecutive session.
The broad market All Share Price Index (ASPI) gained 7.39 points to close the session at 5,951.56 points, 0.12 percent higher than the previous session, while the more liquid S&P SL20 Index, declining 0.41 percent, shed 12.59 points, to reach 3,032.73 points.
With C T Holdings (CTHR) accounting for the day’s only off-board transaction, the day’s turnover reached LKR202.5 mn (USD1.1 mn), less than half the YTD average daily turnover of LKR565.7 mn (USD3.1 mn) as the number of shares traded stood at 8.6 mn.
Leading the turnover generation with 22 percent of contribution, 0.2 mn shares of CTHR traded off-board at LKR174.0 per share while Commercial Bank (COMB) and Sampath Bank (SAMP) accounted for 13 percent and 12 percent of turnover respectively.
The Banks, Finance and Insurance stocks made the highest sector-wise contribution of 34 percent followed by 25 percent from Diversified Holdings.
Driven by foreign buying in Sampath Bank, the market posted net foreign inflow for the second straight session as foreign investors bought shares worth a net LKR20.9 mn (USD0.1 mn), narrowing the YTD net foreign outflow to LKR2.4 bn (USD13.0 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.