LOLC Securities Market Watch: Daily 26 August 2015

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LOLC Securities Market Watch: Daily 26 August 2015

Post  Melissa Pereira on Thu Aug 27, 2015 10:13 am

Focus: During the day, ASPI was up by 9 points and S&P SL20 was down by 14 points. Market recorded a turnover worth of LKR 2.3 Bn while big cap counters such as JKH, DIST and HHL led the decline. JKH became the highest contributor to the turnover with price of the counter declined by 2.72% to close at LKR 175.10. JKH also recorded a single crossing at LKR 175 while total crossings of the day represented 20% of the turnover. Foreign investors continued to be net sellers with net foreign selling mainly seen in JKH. Meanwhile ASIY announced that board has approved the setting up of a new state of the art warehouse by its subsidiary Asia Siyaka Warehousing (Private) Limited. CHC Investment (Pvt) Ltd announced that consequent to the purchase of 30.99% shareholding of TAP, they will be making a mandatory offer at the offer price of LKR 5.50 per share.

§ Diversified Holdings sector contributed mostly to the market turnover while the sector index was down by 0.8%.

§ Foreign investors were in a selling sentiment, while the net foreign outflows amounted to LKR 1215 Mn.
Please refer the link for more details- https://drive.google.com/file/d/0B6oYIOgoj7LDM3M3ZkRoaGU3cTA/view?usp=sharing

Melissa Pereira

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