LOLC Securities Market Watch: Daily 25 August 2015

Melissa Pereira Wed Aug 26, 2015 9:46 am

Focus: During the day, ASPI was down by 100 points and S&P SL20 was down by 71 points. Market recorded a turnover worth of LKR 1.4 Bn while big cap counters such as JKH, CTC and NEST mainly led the decline. JKH became the highest contributor to the turnover while price of the counter declined by 2.12% to close at LKR 180. COMB being the second highest contributor to the turnover recorded three crossings for the day and contributed total of LKR 189.5 Mn to the turnover. Further SPEN, and ALHP recorded crossings for the day while total crossings represented 15% of the market turnover. Foreign investors continued to be net sellers with net foreign selling seen in JKH, COMB, SPEN and SIRA. Meanwhile ASPI started the day at 7331 level and showed a declining trend to close operations at 7232 level.

§ Bank Finance & Insurance sector contributed mostly to the market turnover while the sector index was down by 1.34%.

§ Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 200 Mn.

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