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Sunday, 04 September 2016

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ASPI ends week bearish despite foreign buying

It was an overall bearish week for the Colombo Stock Exchange. The ASPI closed at 6539.09 down by 0.18% compared to the previous week with the S&P SL20 closing at 3599.94 up by 0.42%. ASPI recorded a year to date loss of 4.78% as at weekly closure.

The turnover levels for the week decreased by 6% and the aggregated weekly turnover was Rs. 4.77 billion. The foreigners appeared to be bullish during the week having recorded inflows of Rs. 2.51 billion; resulting in a net foreign inflow of Rs. 945.18 million. The year to date net foreign outflow stands at Rs. 2.98 billion.

The top three (03) positive contributors to the ASPI during the week were John Keells Holdings PLC (Rs.153.00, +1.32%), Textured Jersey Lanka PLC (Rs.42.10, +5.25%), Hemas Holdings PLC (Rs.97.00, +2.65%). Further, the top 3 negative contributors to the ASPI were Ceylon Tobacco Company PLC (Rs.885.10, -3.37%), Nestle Lanka PLC (Rs. 2,250.30, -1.30%), CT Holdings PLC (Rs. 122.80, -5.54%).

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