Both indices closed on a negative note compared to last week's close with the ASPI losing 134.95 points to close at 6777.03 and the MPI losing 75.84 points to close at 6311.13. The ASPI decreased by 1.95% and the MPI decreased by 1.19%.
The weekly turnover value recorded a 26.44% increase Rs 8.39 billion, amounting to a daily average value of Rs 2.1 billion, when compared with last week's daily average turnover of Rs 1.66 billion. Vallibel One, Orient Garments and Swarnamahal Financial Services accounted for 20.43% of the week's total turnover value.
The number of shares traded increased by 49.41%, averaging 97.03 million shares traded daily as against 64.9 million traded last week. The Diversified sector led the turnover in value this week, accounting for 38.84% of turnover in value amounting to Rs 3.26 billion. The Banking and Finance sector was the second highest contributor to turnover, accounting for 23.41% amounting to 1.96 billion. Third highest on the turnover value list was the Manufacturing sector with 10.59% or Rs 0.89 billion.
Volume of turnover for the week was dominated by Diversified sector with 138.9 million shares being traded or 35.79% of volume of turnover. The Banking and Finance sector followed, representing 26.33% of total turnover volume (102.2 million shares traded). Third highest contributor to turnover volume was the Power and Energy sector, which accounted for 12.99% or 50.43 million shares. Market capitalization for the week was at Rs 2,404.82 billion.
Swarnamahal Financial Services Ltd. was the major price gainer (69.5%) this week, closing at Rs 124.1 from last week's closing price of Rs 73.2. Abans Financial Services Ltd. was the second largest price gainer, recording a 22.24% increase to close at Rs 77.5 (from Rs 63.4). Lanka Orix Finance Company Ltd increased 13.21% from its previous price of Rs 10.60 to close at Rs 12.00.
Tea Smallholders declined over the week, decreasing 48.44% to close at Rs 99.00. Ceylon Beverage and Miramar were also losers, with Ceylon Beverage decreasing by 34.2% to close at Rs 329.00 and Miramar dipping 21.43% to close at Rs 275. Singalanka and Royal Palms declined by 15.58% and 14.95% respectively.
Foreign participation, once again, closed positively this week, with a net buying position amounting to Rs 165.47 million, but decreased by 14.36% when compared to last week's total of Rs 241.5 million.
New issue Softlogic topped the volume list recording 79.9 million shares changing hands representing 20.59% of the aggregate share volume. Panasian Power contributed 11.71% of aggregate share volume with 45.44 million shares changing hands.
Acuity Stockbrokers Research/ Sri Lanka Equities
source - www.dailynews.lk
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