Lanka securities Insight 3 July 2015

Melissa Pereira Mon Jul 06, 2015 10:16 am

Colombo bourse welcomed the announcement of the general election on a positive note on Monday. The ASI reported mild gains on another lackluster trading session as most of the investors continue to remain on sidelines, assessing the current political developments. The much awaited decision on dissolving the parliament was announced on last Friday and the general election is due to be held on 17th August 2015. All share price index advanced by 15.95 index points or +0.23% to end at 7,032.15 while S&P SL 20 index advanced by 11.37 points (+0.29%) to end at 3,911.96. Daily market turnover recorded a nearly one week low of LKR 394mn. Laugfs Gas positioned at the top of the turnover list with LKR 59mn followed by Cargills (LKR 50mn), Laugfs gas non-voting (LKR 39mn) and Aitken Spence (LKR 28mn). Shares of Access Engineering, Anilana Hotels & Properties, Nation Lanka Finance and Vallibel Finance were among heavily traded counters. Foreign investors turned to be net buyers with a net inflow of LKR 26mn after three consecutive days of net foreign outflows. Foreign participation was at 19%

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