LOLC Securities Market Watch: Daily 7 August 2015

Melissa Pereira Mon Aug 10, 2015 9:58 am

Focus: During the day, ASPI was down by 7 points and S&P SL20 was up by 5 points. Market recorded LKR 1.0 Bn turnover and closed the daily operations on a flat note with CARS, CTC and CTHR being the main negative contributors to drag the ASPI down. SAMP topped the turnover list while also recording two crossings and contributing LKR 128.9 Mn to the turnover. Only 4 crossings were recorded during the day while total crossings represented 19% of the market turnover. Foreign investors continued to be on selling side recording a net foreign outflow of LKR 81 Mn with net foreign selling was mainly seen in HNB.X and SPEN. Today's Foreign buying was mainly seen in TJL and CTC. ASPI started the day at 7380 level and showed a flat trend to end the market operations at 7370 level.

§ Bank Finance & Insurance sector contributed mostly to the market turnover while the sector index was up by 0.35%.

§ Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 81 Mn.

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