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Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Trading Wednesday - Sri Lanka stocks closed down 0.64 pct

Trading Wednesday - Sri Lanka stocks closed down 0.64 pct

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Director - Equity Analytics
Director - Equity Analytics
October 03, 2012 (LBO) – Sri Lanka stocks closed down 0.64 percent Wednesday with some blue chip stocks losing ground.

The Colombo All Share Index closed at 5,890.69 down 37.84 points and the S & P SL 20 Index closed 32.46 points lower at 3,189.94 down 1.01 percent.

Turnover was 3,038 million rupees. Top contributors to the day's turnover were Sampath Bank with 1,690 million rupees, JKH with 326 million rupees and Aitken Spence with 246 million rupees.

Index heavy John Keells Holdings PLC slipped 3.40 rupees to close at 221.70 rupees down 1.51 percent.

Aitken Spence PLC gained 1.00 rupees to close at 135.00 down 0.75 percent.

Dialog Axiata PLC slipped 0.20 cents to close at 8.80 rupees down 2.22 percent.

2Trading Wednesday - Sri Lanka stocks closed down 0.64 pct Empty Bourse continues slide on Thu Oct 04, 2012 1:18 am


The bourse slipped for the third consecutive day with all three indices closing in the red with turnover reaching Rs. 3 billion on 34.4 million shares changing hands on Wednesday (03) with bluechips dominating an otherwise low activity level at the Colombo Stock Exchange.

The All Share Price Index fell 0.64 percent, down 37.84 points to close at 5,890.69 while the Milanka Price Index of more liquid stocks fell 0.96 percent, down 53.52 points to close at 5,523.22 and the S&P SL20 closed at 3,189.94, down 32.46 points, 1.01 percent lower.

Foreign purchases amounted to Rs. 1.23 billion resulting in a net inflow of Rs. 682.81 million.

"Sustained selling pressure centred on large caps dragged the indices down sharply amid low activity levels with turnover being driven by a crossing on Sampath Bank which accounted for a 52 percent share," John Keells Stock Brokers said.

Sampath Bank saw eight million shares changing hands during the day, closing 1.96 percent lower at Rs. 210.10.

Some of the other big contributors to the day’s turnover: JKH closed 1.51 percent lower at Rs. 221.70 on 1.4 million shares. Aitken Spence saw 1.86 million shares change hands, closing 0.75 percent higher at Rs. 135. LOLC closed 0.79 percent higher at Rs. 51 on 2.1 million shares while Lion Brewery closed flat at Rs. 245 with 817,200 shares changing hands.

"The market breadth was negative with 80 shares advancing and 115 shares declining," Bartleet Religare Securities said. "The major draggers that pulled the index lower were JKH and Commercial Bank.

Sampath Bank featured in 13 crossings involving 7.6 million shares at Rs. 210. Lion Brewery saw 785,040 shares change hands in four crossings at Rs. 245. Three crossing involving 941,547 JKH shares were executed at Rs. 226.

"Losers modestly outpaced gainers with Sinhaputhra Finance, Renuka City Hotel and Colombo Fort Investments declining by 11.1 percent, 9.3 percent and 6.5 percent smoothening out advances in SMB Leasing(X), Shalimar and Sigiriya Village which rose by 25.0 percent, 15.2 percent and 12.6 percent respectively," DNH Financial said.

3Trading Wednesday - Sri Lanka stocks closed down 0.64 pct Empty Stocks fall third day in a row on Thu Oct 04, 2012 4:46 pm


Director - Equity Analytics
Director - Equity Analytics
By The Nation

Market closed lower for a third consecutive session today dragged by losses on many blue-chip counters. John Keells Holdings and most well established banks lost ground although Aitken Spence saw an upward trend with strong volumes. Around 8Mn shares of Sampath Bank shares traded at Rs. 210 levels inclusive of 13 crossings and contributed more than half of today’s turnover. A continuous rise in the indices during the past 6 weeks has caused some investors to book profits and in effect has dampened the sentiment recently. The main index is yet to recover the year-to-date loss.

ASI dropped by 37.84 points (0.64%) to close at 5,890.69, MPI lost 53.52 points (0.96%) to close at 5,523.22 and the S&P index lost 22.66 points (0.7%) to close at 3,199.74. Turnover was Rs. 3,038.6Mn.

Top contributors to turnover were Sampath Bank with Rs. 1,690.0Mn, John Keells Holdings with Rs. 326.6Mn and Aitken Spence with Rs. 246.7Mn. Most active counters for the day were Vallibel One, Touchwood Investments and Swarnamahal Financial Services.

Noteworthy gainers for the day were LB Finance up by 6.0% to close at Rs. 170.00, Union Assurance up by 4.2% to close at Rs. 112.10 and Lankem Developments up by 3.6% to close at Rs. 8.70.

Noteworthy losers for the day were Sierra Cables down by 6.3% to close at Rs. 3.00, Bairaha Farms down by 3.4% to close at Rs. 174.00 and Oversees Realty down by 3.4% to close at Rs. 14.40.

Cash map for today was 62.36% although it would have been much lower if it weren’t for the crossings. Foreign participation was 29.4% of total market turnover and net foreign buying was Rs. 682.8Mn.

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