BREAKING NEWS  

TATA Memorial Hospital in Mumbai Donates Urgently Required Cancer Medicines to Sri Lanka (/news/political-
current-affairs/item/34290-tata-memorial-hospital-in-mumbai-donates-urgently-required-cancer-medicines-to-sri-
lanka)


July 27, 2022
(https://tamil.news.lk/) (https://sinhala.news.lk/)

(https://www.youtube.com/user/LankaONLINEav)  (https://twitter.com/newsdotlk)

(https://www.facebook.com/newslk)

(/)
 


ECONOMY (/ECONOMY)

All Share Price Index achieves highest daily gain

in four months
Featured

 October 28, 2018

Share
Tweet
Pin

(/media/k2/items/cache/c1dc04cdee7091135c04ca3b25d17d2a_XL.jpg)

Screen
Reader
Equities regained positive momentum over the week with the ASPI recording its highest daily gain in four-
months (63.4 points or 1.1%) on Friday to close the week at 5,831.96 points, Acuity Stockbrokers said in
their Share Market Weekly.

  "Gains on the Index helped the benchmark ASPI recover from the previous week’sfive5-year low of
5,761.09 and helped push the Index over the psychological 5,800-mark for the first time since Mid-
October," the report noted.

 "Index gains were driven primarily by stronger buying in index-heavy weights and blue-chip counters as
local high net worth and institutional investors sought value in undervalued Sri Lankan blue-chips.
Crossings for the week consequently accounted for ~73% of total market turnover this week (cf. the
average of just ~41% so far in 2018)."

  While Sri Lanka’s main blue-chip and Index heavy-weight JKH accounted for ~52% of the week’s total
crossing, large parcels in fundamentally sound counters such as Commercial Bank (21% of crossings),
HNB (9% of crossings) and Nestle (9% of the crossings) also helped drive buying over the week, Acuity
said.

" Activity levels on the Colombo bourse meanwhile remained mixed, with low market activity during the
early part of the holiday-shortened trading week (average daily turnover on Monday and Tuesday was just
~Rs.0.2Bn), reversing over the latter half of the week to surpass Rs.1.0Bn on Thursday and Friday amid
the strong buying activity by local high net worth & institutional investors," the report said.

Despite the positive overall momentum on the Index over the latter end of the week, the foreign equity sell-
off on Sri Lankan equities continued once again this week, with foreign investors recording a net outflow of
~Rs. 0.4Bn (cf. Rs. 2.4Bn) as currency depreciation and global economic tensions remain major concerns
for foreign investors, it added.

Despite the sell-off, Sri Lankan equities still remain attractive due to its comparatively lower valuations (P/E
of just 9.1x) cf. regional peers, the report opined.

Screen
Reader
The brokerage expected markets in the week ahead as likely to take cues from the earnings releases for
the Sept. 2018 quarter. Analysts also expected Friday’s political developments also to have an effect.

Tweet Like 1

« Land prices grow 16.3% in 1H: CB ‘Investor confidence should be a priority’

(/economy/item/22775-land-prices-grow- » (/economy/item/22806-investor-
16-3-in-1h-cb) confidence-should-be-a-priority)

back to top (/economy/item/22789-all-share-price-index-achieves-highest-daily-gain-in-four-

months#startOfPageId22789)

LATEST NEWS

Navy
volunteers to
clean Crow
Island beach
(/news/political-current-affairs/item/34295-navy-volunteers-to-clean-crow-island-beach)
(/news/political-current-affairs/item/34295-navy-volunteers-to-clean-crow-island-beach)
Screen
Jul 27, 2022
Reader
(/news/political-current-affairs/item/34294-high-commissioner-moragoda-visits-amul-headquarters-in-
gujarat-discusses-ways-and-means-to-enhance-dairy-sector-cooperation)
High Commissioner Moragoda visits Amul Headquarters in Gujarat; discusses ways and means to
enhance dairy sector cooperation (/news/political-current-affairs/item/34294-high-commissioner-
moragoda-visits-amul-headquarters-in-gujarat-discusses-ways-and-means-to-enhance-dairy-sector-
cooperation)
Jul 27, 2022

Parliament to convene
today (/news/political-
current-affairs/item/34293-
parliament-to-convene-
(/news/political-current-affairs/item/34293-parliament-to-convene-today) today)
Jul 27, 2022

Foreign
Minister Ali
Sabry assumes
duties
(/news/political-current-affairs/item/34292-foreign-minister-ali-sabry-assumes-duties) (/news/political-
current-affairs/item/34292-foreign-minister-ali-sabry-assumes-duties)
Jul 26, 2022

Jordan
donates
essential
medicines
(/news/political-current-affairs/item/34291-jordan-donates-essential-medicines-to-sri-lanka) to Sri
Lanka (/news/political-current-affairs/item/34291-jordan-donates-essential-medicines-to-sri-lanka)
Jul 26, 2022

(/news/political-current-affairs/item/34290-tata-memorial-hospital-in-mumbai-donates-urgently-
required-cancer-medicines-to-sri-lanka)
TATA Memorial Hospital in Mumbai Donates Urgently Required Cancer Medicines to Sri Lanka
(/news/political-current-affairs/item/34290-tata-memorial-hospital-in-mumbai-donates-urgently-
required-cancer-medicines-to-sri-lanka)
Jul 25, 2022

Screen
Reader
(/news/political-current-affairs/item/34289-defence-secretary-graces-slcg-ship-commissioning-
ceremony-as-chief-guest)
Defence Secretary graces SLCG ship Commissioning Ceremony as Chief Guest (/news/political-current-
affairs/item/34289-defence-secretary-graces-slcg-ship-commissioning-ceremony-as-chief-guest)
Jul 25, 2022

(/news/political-current-affairs/item/34288-several-spells-of-showers-will-occur-in-western-and-north-
western-provinces)
Several spells of showers will occur in Western and North-western provinces. (/news/political-current-
affairs/item/34288-several-spells-of-showers-will-occur-in-western-and-north-western-provinces)
Jul 24, 2022

(/news/political-current-affairs/item/34287-expanding-synergies-with-the-philippines-in-the-ict-sector)
Expanding synergies with the Philippines in the ICT sector: (/news/political-current-affairs/item/34287-
expanding-synergies-with-the-philippines-in-the-ict-sector)
Jul 24, 2022

(/news/political-current-affairs/item/34286-defence-secretary-graces-navy-s-passing-out-parade-in-
trincomalee)
Defence Secretary graces Navy’s Passing Out Parade in Trincomalee (/news/political-current-
affairs/item/34286-defence-secretary-graces-navy-s-passing-out-parade-in-trincomalee)
Jul 24, 2022

(/news/political-current-affairs/item/34285-vajira-abeywardena-appointed-to-vacant-mp-seat-unp)
Vajira Abeywardena appointed to vacant MP seat - UNP (/news/political-current-affairs/item/34285-
vajira-abeywardena-appointed-to-vacant-mp-seat-unp)
Jul 23, 2022

Screen
Reader
 (/news/political-current-affairs/item/34284-commander-of-the-navy-extends-best-wishes-to-newly-
appointed-u-s-defence-attache)
Commander of the Navy extends best wishes to newly appointed U.S. Defence Attaché
(/news/political-current-affairs/item/34284-commander-of-the-navy-extends-best-wishes-to-newly-
appointed-u-s-defence-attache)
Jul 23, 2022

The President (http://www.president.gov.lk/)

The Prime Minister (http://www.pmoffice.gov.lk/)

The Parliament (http://www.parliament.lk/)

The Judiciary (http://www.justiceministry.gov.lk/)

Department of Government Informtion (/www.dgi.gov.lk)

Government Gazette (http://documents.gov.lk/)

dgi log front

(http://www.dgi.gov.lk)

recu
(/images/pdf/vacancy/Web_Writer_English.pdf)

electionR2
(http://election.news.lk/)

Screen
Desathiya (https://sinhala.dgi.gov.lk/deshathiya)
Reader
 (https://www.facebook.com/newslk)
 (https://www.twitter.com/newsdotlk)

 (https://www.youtube.com/LankaONLINEav)

newshead-banner2018-3.png

The Government official news portal is maintains by the New Media Unit of the Department of

Government Information and it was titled "news.lk" and commenced in mid1996 and release to Internet

from March 01st, 1997.

News.lk publishes in three languages – Sinhala, Tamil and English.

 +94 11 366 3040

 editor@news.lk

media-silver-01.png (https://news.lk/contact-us/awards)

Best web Sri Lanka - 2018 (https://news.lk/contact-us/awards)

Media, Sports & Entertainment Category - Silver Award (www.news.lk) (https://news.lk/contact-us/awards)

Copyright © The Official Government News Portal of Sri Lanka 2020 All rights reserved.

Home (/) Sri Lanka (/?Itemid=355) World (/world) Politics (/politics) Sports (/sp) Business (/business)

Entertainment (/ent) Site Map (/site-map)

Screen
Reader