Acuity Stockbrokers Weekly Share Market Review

Indices

The Bourse ended the week on a negative note this week with ASPI decreasing by 290.37 points (or 3.51%) to close at 7,985 points, while the S&P SL20 Index also decreased by 124.06 points (or 3.75%) to close at 3,180.24 points.

Turnover & Market Capitalization

Expo Lanka was the highest contributor to the week’s turnover value, contributing LKR 2.23Bn or 9.12% of total turnover value. LOLC Holdings followed suit, accounting for 8.20% of turnover (value of LKR 2Bn) while Haycarb contributed LKR 1.70Bn to account for 6.98% of the week’s turnover.

Total turnover value amounted to LKR 24.42Bn (cf. last week’s value of LKR 42.08Bn), while daily average turnover value amounted to LKR 4.88Bn (-41.96%W-o-W) compared to last week’s average of LKR 8.42Bn. Market capitalization meanwhile, decreased by 3.49% W-o-W (or LKR 126.35Bn) to LKR 3,491.27Bn cf. LKR 3,617.62Bn last week. I

Indices vs. Turnover (08th Feb – 12th Feb) Liquidity (Value & Volume)

The Capital goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 29.99% (or LKR 7.32Bn) of market turnover. Industry Group’s turnover was driven primarily by Royal Ceramic, Vallibel One, JKH & Hemas Holdings which accounted for 72.96% of the sector’s total turnover.

Materials Industry Group meanwhile accounted for 19.64% of the total turnover value while Food, Beverage & Tobacco Industry Group contributed 16.20% to the weekly turnover. The Food, Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 37.47% (or 309.27Mn shares) of total volume, with a value contribution of LKR 3.96Bn.

The Materials Industry Group followed suit, adding 18.62% to total volume (153.70Mn shares) while Diversified Financials contributed 14.56% (120.21Mn shares) to the weekly share volume.

Net Foreign Position

Foreign investors were net sellers this week with total net outflow amounting to LKR 1.31Bn relative to last week’s total net outflow of LKR 1.48Bn (11.6% W-o-W). Total foreign purchases increased by 206.8% W-o-W to LKR 1.40Bn from last week’s value of LKR 0.46Bn, while total foreign sales amounted to LKR 2.71Bn relative to LKR 1.94Bn recorded last week (39.7% W-oW).