LOLC Securities Market Watch: Daily 21 May 2015

Melissa Pereira Thu May 21, 2015 8:05 pm

Bourse failed to maintain the positive momentum, while ASPI as well as S&P SL20 closed with losses despite the activity levels witnessed across the board. Interest was witnessed in the banking sector counters. SAMP became the highest contributor to the turnover recording three crossings and price closing at LKR 267.80 gaining 1.09%. Several other crossings were recorded pertaining to DFCC, JKH, LWL, SEYB, COMB and NDB while total crossings represented 30% of the turnover. Meanwhile JFIN announced that it will not renew the GSA arrangement between Cathay pacific Airways Ltd and will terminate with effect from 31st December 2015.
§ Bank Finance & Insurance sector contributed mostly to the market turnover while the sector index was up by 0.62%.

§ Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 65 Mn.

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