Share Market managed to end positively on Tuesday as both indices closed higher. Bench mark all share price index advanced by 30.55 points (+0.52%) to close at 5,952.78 and 20-scrip S&P SL index advanced by 9.58 points (+0.30%) to close at 3,256.49. Progression in counters such as Ceylon Tobacco (closed at LKR 1,080.00, +4.7%), Carson Cumberbatch (closed at LKR 360.00, +2.6%) and Capital Development & Investments (closed at LKR 530.00, +3.9%) contributed favorably to the index performance.

Market turnover recorded as LKR 416mn. John Keells Holdings (LKR 145mn) emerged as the top contributor to the market turnover followed by Chevron Lubricants (LKR 37mn) and Distilleries (LKR 26mn). Off-the-floor deals were not recorded during today’s trading session.

Meanwhile, Janashakthi Insurance managed to attract heavy investor interest and reached a new 52wk high price level (closed at LKR 14.50, +3.6%). Further, Union Bank, Expo Lanka Holdings and Nations Finance were among mostly traded stocks for the day.

Gainers outweighed the losers 122 to 78, while 59 counters remained unchanged. Cash map declined further to 31% from previous day’s 55%. During the day, 4 counters touched 52 week high price levels while 12 counters reached 52 week low price levels.

Further, Richard Pieris declared a second interim dividend of LKR 0.20 per share yesterday and the counter closed at LKR 6.60 with no change.

Foreign investors were net sellers with a net outflow of LKR 32mn. Foreign participation was 49%. Net foreign outflows were seen in John Keells Holdings (LKR 45mn), Tokyo Cement (LKR 7mn) and Chevron Lubricants (LKR 6mn).

Moreover, according to a media release CSE has been certified by the International Standard Organization (ISO) for Information Security (ISO 27001), Business Continuity (ISO 22301) covering Trading, Registry and Depository services, and IT Service Management (ISO 20000).

Lanka Securities Research