Navara Daily Market Insights 24th June 2015

Colombo Stock Exchange traded on a negative note with All Share Price Index closing 0.13 lower at 7,053.83, 0.00% down while more sensitive S&PSL20 closed 11.06 lower at 3,927.40, 0.28% down.

Market turnover was Rs.606mn, 25% drop from Rs.810mn recorded on the previous trading day. Highest contributions to the turnover came from Distilleries Company of Sri Lanka, Sampath Bank PLC and John Keels Holdings PLC- warrant 22 of Rs.106mn, Rs.89mn and Rs.24mn turnover respectively.

Overall, Market was dominated by local investors with participating to
82% of the turnover. However, locals were net buyers of 64mn worth
of shares while foreigners were net sellers of Rs.64mn worth of shares.

The aggregate value of total crossings transactions amounted to Rs.26mn which was a slight contribution of 4% of the daily turnover.

Sampath Bank PLC Rs.26mn worth of shares changed hands at Rs.260.00 per share at a single trade.

John Keels Holdings PLC –Warrant 22 and F L C Hydro Power PLC attracted retail investor appetite with recording highest number of trades of 864 and 400 during the day.

Top gainers list was led by PC House PLC with 100.00% return for the day and closed Rs.0.10 higher at Rs.0.20. Meanwhile, top decliners list was led by SMB Leasing PLC with 25.00% price depreciation and closed Rs.0.10 lower at Rs.0.30.

Weighted Averages of Treasury bills of all three maturities at the Treasury bill auction held on 24th June 2015 remained flat and was 6.28% in 364 day maturity, 6.18% and 6.08% in 182 days and 91 days maturities respectively