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    LOLC.N0000   LK0113N00007

LOLC HOLDINGS PLC

(LOLC.N0000)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Bourse suffers 2% drop ASI dips below 6,000-points level

01/08/2020 | 05:04pm EDT

The Colombo stock market yesterday suffered its sharpest loss in recent weeks to close at an over two month low as investors heightened bearish sentiments.The ASPI dipped from 6,026 points to 5,898 points.

SandP SL 20 Index too saw a 2.6% dip.

Turnover was Rs. 624 million.

First Capital said the Bourse ended the day in red, persisting the negative sentiment for the third consecutive trading session.The ASPI witnessed a continuous downtrend to reach an intra-day low of 5,896 in the last hour of trading and ultimately rebounding to close at 5,899 losing 127 points - the lowest since 23 October 2019.NDB Equities said the ASPI closed in red as a result of price losses in counters such as LOLC Holdings, Hatton National Bank and Distilleries.

High net worth and institutional investor participation was noted in Diesel and Motor Engineering and Ceylon Cold Stores. Mixed interest was observed in Browns Investments and Access Engineering whilst retail interest was noted in LOLC Holdings and Tokyo Cement Company nonvoting.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Sampath Bank) whilst the sector index lost 2.

74%. The share price of Sampath Bank declined by Rs 1.

70 (1.10%) to close at Rs 153.50.Diversified sector was the second highest contributor to the market turnover (due to Browns Investments) whilst the sector index decreased by 1.89%.

The share price of Browns Investments decreased by Rs 0.30 (5.56%) to close at Rs 5.

10.Access Engineering, Ceylon Cold Stores and Teejay Lanka were also included amongst the top turnover contributors.The share price of Access Engineering lost Rs 1.

30 (6.50%) to close at Rs 18.70. The share price of Ceylon Cold Stores moved up by Rs 12.10 (1.56%) closing at Rs 789.90 whilst foreign holdings decreased by 36,304 shares. The share price of Teejay Lanka recorded a loss of Rs 0.

30 (0.77%) to close at Rs 38.50.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
ACCESS ENGINEERING PLC 0.43% 23.2 End-of-day quote.-5.69%
BROWNS INVESTMENTS PLC 4.40% 9.5 End-of-day quote.120.93%
CEYLON COLD STORES PLC -0.34% 593 End-of-day quote.-15.84%
LOLC HOLDINGS PLC 2.01% 521 End-of-day quote.285.93%
All news about LOLC HOLDINGS PLC
09/22Sri Lankan shares end higher as industrials boost
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09/17BROWNS INVESTMENTS : Sri Lankan shares log second straight weekly loss; nationwide curfew ..
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09/08EXPOLANKA : Sri Lankan shares extend losing streak, financials and industrials weigh
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09/07Sri Lankan shares end lower as financials, consumer staples drag
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09/03LOLC : Sri Lankan shares close lower as financials weigh
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08/30LOLC HOLDINGS PLC (COSE : LOLC.N0000) acquired Express Credit Limited.
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08/13Lolc Holdings plc Reports Earnings Results for the First Quarter Ended June 30, 2021
CI
08/10Financials, consumer staples push Sri Lankan shares to close lower
RE
07/14Sri Lankan shares end higher for fourth day as financials rally
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07/02Sri Lankan shares end higher as consumer staples, industrials gain
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More news
Financials
Sales 2021 99 933 M 501 M 501 M
Net income 2021 28 041 M 141 M 141 M
Net Debt 2021 207 B 1 040 M 1 040 M
P/E ratio 2021 4,95x
Yield 2021 -
Capitalization 248 B 1 239 M 1 241 M
EV / Sales 2020 4,24x
EV / Sales 2021 3,46x
Nbr of Employees 13 362
Free-Float 100%
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Income Statement Evolution
Managers and Directors
Waduthantri Dharshan Kapila Jayawardena CEO, Executive Director & Group Managing Director
Sunjeevani Kotakadeniya Chief Financial Officer
F. K. Conrad P. N. Dias Chief Information Officer
Kahandawela A. K. P. Gunawardena Chief Operating & Legal Officer
P. D. Gunendra Jayasena Chief Administration Officer
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