LOLC Securities Market Watch: Daily 21 August 2015

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LOLC Securities Market Watch: Daily 21 August 2015 Empty LOLC Securities Market Watch: Daily 21 August 2015

Post  Melissa Pereira on Mon Aug 24, 2015 10:46 am

Focus: During the day, ASPI was up by 21 points and S&P SL20 was up by 3 points. Market recorded a turnover worth of LKR 959 Mn while counters such as CTC, CTHR and COMB contributed 18.82 points to move the ASPI up. COMB became the highest contributor to the turnover while recording a crossing at LKR 173.30 and contributing total of LKR 145.2 Mn to the market turnover. Further CARG, DIST and JKH recorded crossings for the day while total crossings represented 22% of the market turnover. Foreign investors were net sellers recording a net foreign outflow of LKR 11Mn with foreign selling seen in COMB, JKH and SIRA. Foreign buying was seen in DIST. ASPI started the day at 7450 level and showed an upward trend to close the operations at 7471 level. Meanwhile OGL announced that BOD ratified the borrowing of LKR 56.4 Mn from Adam Investments PLC and USD 939,627.93 from Adam Apparel (Pvt) Ltd.

§ Bank Finance & Insurance sector contributed mostly to the market turnover while the sector index was down by 0.05%.

§ Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 11 Mn.

Melissa Pereira

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