LOLC Securities Market Watch: Daily 4 August 2015

Melissa Pereira Wed Aug 05, 2015 12:00 pm

Focus: During the day, ASPI was down by 27 points and S&P SL20 was down by 16 points. Following the mixed sentiment on yesterday market closed the daily operations in the red zone while CTC, JKH and GOOD being the main contributors which dragged the index down. However daily market turnover reached LKR 1.5 Bn for the day. JKH topped the turnover list while also recording six crossings and contributing LKR 377 Mn to the turnover. HHL and SEYB also recorded crossings while total crossings represented 28% of the market turnover. Foreign investors continued to be on selling side recording a net foreign outflow of LKR 158 Mn with net foreign selling was mainly seen in JKH, HHL and SEYB. Foreign buying was seen in RCL. Meanwhile Intra-day ASPI showed a volatile behavior recording slight gains during the early trading hours while then dropping back to 7310 level during the later part.

§ Diversified Holdings sector contributed mostly to the market turnover while the sector index was down by 0.14%.

§ Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 158 Mn.

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