Asha PhilipSecurities Daily Stock Market Highlights 16 June 2015

The Colombo bourse suffered with yet another drop today further diving away from the 7,100 boarder, dipping in to the risky negative region. The market trended downwards from its early hours falling to intraday low of 7,042.87 losing over 0.5%, mainly owing to losses in heavy weighted counters such as NEST (-6.1%), HHL (-0.6%), and JKH (-0.6%) etc. The ASPI settle the day at 7,044.60, with a drop of 34 points. Following a similar trading pattern the S&P SL20 lost 15.90 points or 0.40%, to close the day at 3,911.06. Despite the off-market interest on several counters such as JKH, SAMP, DIST and HNB which pushed the daily turnover to LKR 860.91Mn, retail interest remained relatively subdued across the board. On a
broader note, with regard to the movement in share prices, 112 counters witnessed drops whereas only 72 companies posted gains.

The turnover for the day amounted indicated a gain of 17.81% compared to the previous trading day. By accounting to 16.90% of the aggregated turnover, John
Keells Holdings PLC (JKH) added LKR 271.65Mn to the turnover while spearheading the list; most of this was a result of foreing selling. To this, JKH saw a total of
1.12Mn shares being dealt by way of 3 crossings which amounted to record LKR 216.84Mn, blocked at a single price of LKR 193/-. The counter witnessed a slight fall
of LKR 1.20/- (or 0.62%) as at the day’s closure to settle at LKR 193.20/ -. Standing next in-line, Sampath Bank PLC (SAMP) made a subscription of LKR 147.77Mn to
the daily turnover, predominantly supported by a crossing which amounted to LKR 126.75Mn where a total of 501K shares were dealt at LKR 253.0/-. SAMP ended the day at LKR 254.00/ - charting a drop of LKR 1/- or 0.39%.