ASPI Passes 10,000 Mark Amidst NFOs
By Paneetha Ameresekere
The bourse passed the milestone 10,000 mark despite continuous net foreign outflows (NFOs) due to sustained uncertainty, with the benchmark ASPI increasing by 1.33 per cent to 10,046.80 points and the more sensitive S&P SL 20 Index by 1.08 per cent to 3,644.73 points on a Rs 6.85 billion turnover and on a share volume (SV) of 235.94 million yesterday. Nonetheless, the bourse suffered NFOs for the second consecutive market day yesterday, with a figure of Rs 33.82 million as at date, increasing NFOs in the calendar year to date to Rs 45.51 billion, a year on year (YoY) increase of 2.85 per cent ( Rs 1.26 billion).
In the 193 market days that have transpired in the calendar year to yesterday, the bourse has suffered NFOs in 167 (86.53 per cent) of those days. Last year the bourse suffered a record Rs 51.04 billion worth of NFOs due to similar uncertainty. In the 207 market days that transpired last year, the bourse suffered a record NFOs in 90.82 per cent (188) of those days. Meanwhile, market capitalization, yesterday over Friday increased by 1.33 per cent (Rs 58.63 billion) to Rs 4.48 trillion.
Among some of the major gainers yesterday were Ambeon Capital plc, up 15.09 per cent to Rs 18.30 a SV of 9,277,978; Expolanka Holdings plc, up 7.54 per cent to Rs 217 a share on a SV of 10.8 million; Hayleys Fabric plc,a Dhammika Perera company, up 6.67 per cent to Rs 38.40 a share ona SV of 7,227,199; Vallibel One plc, another Dhammika Perera company, up 8.59 per cent to Rs 69.50 a share ona SV of 6.020 million and Kelani Cables, up 23.51 per cent to Rs 191.75 a share on a SV of 693,541.