March 15: Still Local Selling and Forign Buying

SL.Market · 1 March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 3:58 pm

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March 15: Still Local Selling and Forign Buying 2agtbtf

Redbulls · 2 Trade Summary Market 15/03/2012 Thu Mar 15, 2012 4:09 pm

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March 15: Still Local Selling and Forign Buying Cse110

March 15: Still Local Selling and Forign Buying Cse210

Slstock · 3 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 4:31 pm

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Hmm, Inflow still intact. JKH again mostly is it ?

Slstock · 4 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 4:37 pm

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Topics merge as it is the same

sriranga

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Mar 15, 2012 (LBO) - Sri Lanka's stocks closed 0.4 percent Thursday amid continued foreign interest, and the rupee peg weakened to a new low below 125 rupees, dealers and brokers said.

The rupee closed at 125.00/25 against the greenback with the peg weakening as low as 125.10 in intra-day trade, dealers said.

The benchmark Colombo All Share Index closed down 20.87 points (-0.39 percent) at 5,397.20 points and the Milanka Index of liquid stocks gained 0.24 percent (11.37 points) to close at 4,833.68 points.

Turnover was 419 million rupees with a volume of 14.2 million shares traded.

Net foreign buying was 94 million rupees. Though interest rates are rising, a weaker rupee creates one off inflation especially for firms in the traded good sector which can see an increase in revenues.

Firms can make higher nominal profits by under-paying workers in real terms.

One crossing was recorded as 145,000 shares of Ascot Holdings changed hands at 220.00 rupees each, corresponding to a 52 week high, and contributing 121 million rupees to turnover.

The share closed at 202.00 rupee, up 2.10 rupees.

Continued interest is seen in blue chip JKH, closing at 195.10 rupees, up 10 cents, and pumping 77.5 million rupees into the market.

Commercial Bank closed at 99.90 rupees, up 30 cents, having contributed 37.1 million rupees to turnover.

Seylan Bank ended the day on 64.50 rupees, up 4.50 rupees, HNB at 150.00 rupees, up 30 cents, and NTB at 58.00 rupees, up 1.40 rupees.
Vallibel One share closed at 20.10 rupees, down 20 cents, while Carsons was at 468.00 rupees, down 7.00 rupees.

Telco SLT closed at 47.00 rupees, down 1.20 rupees, Dialog at 7.20 rupees, up 10 cents, and Aitken Spence 115.20 rupees, down 30 cents.

Actively traded counters include Capital Alliance Finance at 37.00 rupees, up 70 cents, ERI at 15.60 rupees down 30 cents, and Orient Garments at 16.50 rupees, down 90 cents.

Several stocks reached their 52 week lows, including Expolanka Holdings at 6.50 rupees, Peoples Leasing at 11 rupees, Raigam Salterns at 3.10 rupees, Tokyo Cement at 38.00 rupees, Lanka Tiles at 67.00 rupees, and Lanka Ceramics at 72.00 rupees.
http://www.lbo.lk/fullstory.php?nid=1368158373

Redbulls · 6 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 4:57 pm

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slstock wrote:Topics merge as it is the same

Thanks slstock.
I didn't notice.

illuminati · 7 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 9:18 pm

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Forigners are buying blue chips, smart locals are selling crap, foolish locals are still buying crap.

Rajaraam · 8 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 9:25 pm

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illuminati wrote:Forigners are buying blue chips, smart locals are selling crap, foolish locals are still buying crap.

One or two days before you refered foreign investor (who are investing in stock market)as" moda sudda" Now you indicate that they( your " moda sudda" )has become "wise sudda" What is this? You cant stand on your own view at least for one week.

cseguide · 9 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 9:43 pm

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This year foreign net buying .

Rajaraam · 10 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 9:59 pm

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cseguide wrote:This year foreign net buying .

Yes cseguide,
Last 4 days Foreign investors'(some refer them as "moda sudda")net inflow exceeds Rs 452 mln. If that is the case in the most difficult time like today that we are experiencing worst ever western attack, I hope once this issue is at least partialy welll addresed they will be mad to collect most cheap shares in a fast growing developing economy in the world.

Redbulls · 11 Re: March 15: Still Local Selling and Forign Buying Thu Mar 15, 2012 10:16 pm

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Rajaraam wrote:

cseguide wrote:This year foreign net buying .

Yes cseguide,
Last 4 days Foreign investors'(some refer them as "moda sudda")net inflow exceeds Rs 452 mln. If that is the case in the most difficult time like today that we are experiencing worst ever western attack, I hope once this issue is at least partialy welll addresed they will be mad to collect most cheap shares in a fast growing developing economy in the world.

Yap, Foreign Inflow is positive,they are only concentrating on bluechips.