Lanka Securities Market Insight 22 May 2015

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Lanka Securities Market Insight 22 May 2015 Empty Lanka Securities Market Insight 22 May 2015

Post  Melissa Pereira on Mon May 25, 2015 10:53 am

Colombo equity market started weekly operations on negative note on Monday where both counters shed
returns amid the prevailing political uncertainties. Main index swung between gains and losses on Monday
where index touched 7,277 mark in the opening hours. All share index marginally declined by 3.65 index
points or 0.05% to end at 7,255.02 while 20-scrip S&P SL index slipped by 0.33% (13.36 index points) to close
at 4,037.32. Daily market turnover was LKR 1.1bn. John Keells Holdings topped the turnover list with LKR
124mn followed by Distilleries (LKR 104mn) and Grain Elevators (LKR 89mn) respectively. Foreign investors
were net sellers for the day with a net foreign outflow of LKR 29mn. Foreign participation was 19%.
Colombo bourse ended with positive returns on Tuesday as benchmark All Share Price index gained 11.18
points or 0.15% to end at 7,266.20 while S&P SL 20 index gained 9.51 points (+0.24%) to end at 4,046.83.
Daily market turnover was LKR 1.6bn. Seylan Bank positioned at the top of the turnover list with LKR 250mn
underpinned by notable crossings. Distilleries (LKR 176mn), Adam Investments (LKR 86mn) and Sanasa
Development Bank (LKR 86mn) recorded next best contributions to the turnover. Foreign investors were
turned to be net buyers with a net foreign inflow of LKR 273mn. Foreign participation was 17%
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Melissa Pereira

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