Sri Lanka, Jan 28 (Capital Leads) – The Colombo Stock Exchange (CSE) ended on a mixed note today as net foreign inflow turned positive amid foreign interest in Central Finance (CFIN).
The broad market All Share Price Index (ASPI) dipped 4.84 points to close the session at 5,973.46 points, 0.08 percent lower than the previous session, while more liquid S&P SL20 Index, gaining 0.20 percent, moved up 6.02 points, to reach 3,052.25 points.
With two crossings from Central Finance (CFIN), the off-board contribution to the turnover stood at 63 percent as the day’s turnover reached LKR465.3 mn (USD2.6 mn), nearly a fifth lower than the YTD average daily turnover of LKR563.1 mn (USD3.1 mn).
Backed by foreign interest, Central Finance (CFIN) led the turnover generation with 69 percent of contribution as 1.0 mn and 2.0 mn of its shares traded off-board at LKR100.0 and LKR95.0 per share.
Furthermore, Lanka IOC (LIOC) slumped nearly 9.0 percent today to close at LKR20.9 per share as the company’s interim filings indicated that its third-quarter loss for the financial year ending March 31, 2019, widened nearly three times from a year ago.
With 81 percent of total turnover, the Banks, Finance and Insurance stocks made the highest sector-wise contribution, followed by 6 percent from Diversified Holdings.
The day’s net foreign inflow meanwhile improved up to LKR192.2 mn (USD1.1 mn), as YTD net foreign outflow contracted to LKR1.9 bn (USD10.4 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.