ECONOMYNEXT – The Colombo Inventory Trade indices ended up on Monday, pushed by banking sector shares, information on its web site confirmed.
Regardless of excessive volatility in indices Colombo All Share Worth Index traded above the 16,200 mark.
“Bull run is constant,” market individuals mentioned.
“Robust shopping for curiosity is constant. Funding curiosity is pushed in direction of the tourism sector,” Dimantha Mathew, Chief Analysis and Technique Officer at First Capital Holdings PLC, instructed EconomyNext.
The broader ASPI closed up 0.71 % or 115.84 factors at 16,373.15; whereas the extra liquid S&P SL20 Index closed up 0.62 % or 30.37 factors at 4,969.01.
Turnover was 5.56 billion rupees, whereas the share quantity fell 5.9 % to 187,052,463.
Falling rates of interest and doubled withholding tax has made the market enticing.
“The variety of transactions are fairly excessive,” Mathew mentioned.
Most lively volumes had been seen in Sierra Cables at 39,128,095 (turnover 554,281,414.70 rupees), Dialog at 10,337,926 (turnover 135,483,189.80 rupees), Teejay Lanka at 6,733,606 (turnover 347,702,190.70 rupees) and LOLC Finance at 6,064,123 (turnover 39,512,390.20 rupees).
“There was continued curiosity within the banking sector (1.2 billion rupees)and capital items sector (1.3 billion rupees)”
Cargills Financial institution was up 1.2 % to eight.70, NDB ended 3.2 % stronger at 119.50, Hayleys rose 0.4 % stronger 129.50 and Aitken Spence closed up 0.5 % 152.50
The third most turnover generator for the session was the meals, beverage and tobacco sector with 737 million rupees in turnover.
Lion Brewery was up 0.9 % to 1261.75, Sunshine Holdings ended 0.4 % stronger 95.40 and Melstacrop rose 0.41 % to 121.50.
High contributors to the ASPI had been NDB (ended 3.2% stronger at 119.50), Teejay Lanka (rose 6.3% to 52.60), DFCC Financial institution (climbed 2.5 % to 122.25), Ceylon Chilly shops(rose 5.8% to 87.20) and HNB (up 0.7% to 330.00).
There was a internet overseas outflow of 55 million rupees for the day, persevering with the downward pattern after recording an influx of 194 million rupees on Thursday.
Samson Plc introduced its non-independent, non-executive director, T Okay Bandaranayake, has resigned from its board with impact from January 20. (Colombo/Jan20/2025)
