Stocks Start Fresh Week With Big Drop
Colombo All Share Index (ASI) slipped back in to below 6000 level. ASI lost 91.94 points to close at 5995.92 while Milanka index lost 90.63 points to close at 5155.95. John Keells Holdings Plc (JKH) was the biggest contributor for todays index drop. Index heavy JKH was down by 6.10 to close at Rs 162.10. More than 4.5 million shares of JKH traded during the trading session. Day’s total turnover was amounted to 1.57 billion rupees.
Hayleys Plc lost 23.90 to close at Rs 364.90. But only 900 Hayleys shares traded for the day. 3,006,100 shares of Hatton National Bank changed hands and closed five rupees lower at 145.00. Ceylinco Insurance voting stocks fell 21.80 to end the day at Rs 628.20.
Total of 168 stocks lost their value during the day while only 23 stocks managed to close higher. Entrust Securities closed 6.90 lower at Rs 63.80. Trade Finance & Investment Ltd was down by 50 cents to close at Rs 21.90.
Foreign investors purchased Rs 83,986,880 .00 worth of stocks and sold stocks valued at Rs 317,115,797 .00 resulting a net foreign outflow.
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Tagged with: Colombo Stock Exchange • cse • daily
Filed under: Daily Stock Market Report
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What will be your evaluation/idea on SFIN @ current prices?
Currently SFIN is trading around PE of 14x. Therefore can’t say undervalued. But worth buying based on future earning growth.
Actually most of Banks Finance and Insurance sector shares are very attractive at current prices. Specially COMB and NTB.
how about HHL
Hemas Holdings Plc (HHL) is a good buy around 25 -26.