Trade Summary Market - 20/11/2012

sriranga · 1 Trade Summary Market - 20/11/2012 Tue Nov 20, 2012 3:44 pm

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Trade Summary Market - 20/11/2012 Aspi64

Trade Summary Market - 20/11/2012 Cse1104

Trade Summary Market - 20/11/2012 Cse2102

Slstock · 2 Re: Trade Summary Market - 20/11/2012 Tue Nov 20, 2012 3:47 pm

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Thanks to GREG out flow now there is a 1.6 billion inflow needed to be in par with last week.

Redbulls · 3 LBT Business News Roundup 20/11/2012 Tue Nov 20, 2012 5:23 pm

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Redbulls · 4 Re: Trade Summary Market - 20/11/2012 Tue Nov 20, 2012 5:48 pm

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Trade Summary Market - 20/11/2012 201110

sriranga · 5 LBT : Market Tuesday Tue Nov 20, 2012 5:51 pm

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Trade Summary Market - 20/11/2012 2011_t10

Nov 20, 2012 (LBT) - The All Share Price Index lost 69.98 points to close at 5,433.95 (-1.3%) while the Milanka Price Index lost 81.97 points to close at 5,004.58 (-1.6%). Total turnover for the day stood at LKR272.5 mn (USD2,091.8 k) vs. 12-months average daily turnover of LKR1,053.5 mn (USD8,088.3 k), whilst the volume traded for the day was 22,694 k against the 12-months average daily volume of 41,783 k.

Top contributory counters towards the turnover for the day were, Colombo Dockyard LKR22.3 mn (USD170.8 k, -0.5%), John Keells Hotels LKR17.8 mn (USD136.9 k, 0.7%), John Keells Holdings LKR16.4 mn (USD126.2 k, -1.4%), Chevron Lubricants Lanka LKR13.7 mn (USD104.9 k, 0.1%) and Hatton National Bank LKR11.9 mn (USD91.1 k, 2.1%).

Both the ASI and the MPI experienced a downward trend for the majority of the day’s trading with both indices shedding more than 1% of its index value. This also pushed the YTD performance of the Colombo bourse to negative 10.5%. A decline in prices of large cap counters such as Colombo Dockyard which was the highest contributor to the day’s turnover as well as John Keells Holdings dragged down the indices in the absence of any sustained retail investor participation. The limited retail interest was concentrated in counters such as SMB Leasing, Browns Investments & Blue Diamonds (Non-Voting). No crossings were recorded during the course of the day.

Foreign purchases amounted to LKR79.1 mn (USD607.1 k), whilst foreign sales amounted to LKR3.6 mn (USD27.4 k). This resulted in a net foreign inflow of LKR75.5 mn being recorded at the end of the day’s trading. Market capitalization stood at LKR 2,086.2 bn. YTD performance is -10.5%.
http://lbt.lk/stock-market/movement/2980-lbt--market-tuesday

sriranga · 6 Following Stock Reached New High / Low on 20/11/2012 Tue Nov 20, 2012 6:10 pm

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Trade Summary Market - 20/11/2012 Hilo23

sriranga · 7 20/11/2012 and Top 10 Contributors to Change ASPI Tue Nov 20, 2012 6:12 pm

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Trade Summary Market - 20/11/2012 Cont77

Kumar · 8 Re: Trade Summary Market - 20/11/2012 Tue Nov 20, 2012 6:39 pm

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Any particular reason for CIC,COCO hitting 52 weeks low?

kas · 9 Re: Trade Summary Market - 20/11/2012 Tue Nov 20, 2012 11:06 pm

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Kumar wrote:Any particular reason for CIC,COCO hitting 52 weeks low?

COCO N rights issue at 35 and split on the card dragging this down this much i think Shocked

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The Colombo stock market suffered a sharp dip yesterday amidst lacklustre activity and bearish sentiments, as the year-to-date negative return shifted to double digit territory.

The Bourse saw Rs. 27 billion in value wiped off in a single session, the sharpest dip in recent weeks. The ASI was down 1.27%, bringing the year-to-date negative dip to 10.5%.

As reported in the Daily FT yesterday, the market had dipped by over 1% and lost Rs. 21 billion in value since the Budget 2013 presentation on 8 November.

The last time the ASI’s negative return at double digit was in first week of September, after which it rose sharply by 15% during the month to bring the year-to-date negative return to below 2%. Since early October the market had lost ground recovered previously.

Turnover was a below average Rs. 272 million whilst foreign interest remained intact with a net inflow of Rs. 75 million. Despite recent shedding of stakes in ERI by Lionhart, net foreign inflow has been a healthy Rs. 34.2 billion year-to-date.

The persistent losing streak at the Colombo Bourse has raised serious concern among capital market stakeholders. This was despite a widely-perceived positive Budget, surprising upturn in corporate earnings, and attractive valuations of a wide collection of good or fundamentally sound stocks.

Upward pressure on interest rates has dragged equity investors to fixed income options, as per some analysts, in addition to a weaker confidence level given the political and judicial issues.

The Government appears to be inclined to keep the interest rate lower, judging by the Central Bank keeping policy rates unchanged for seven months. The Treasury also remains optimistic about favourable GDP growth, lower inflation, and improved fiscal management amidst a challenging environment.
http://www.ft.lk/2012/11/21/bourse-broods-negative-return-back-to-double-digit-level/

Malika1990 · 11 Bourse nosedives despite fair valuations Wed Nov 21, 2012 4:40 pm

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The indices of Colombo Stock Exchange (CSE) continued its downward flight for the fifth straight day amidst lack of buying interest on the board, both local and foreign, despite most of the shares now trading below t heir intrinsic values, according to stock market analysts and brokers.

The main All Share Price Index (ASI) yesterday breached the 5, 500 psychological level and closed 5434, losing 67 points, down by 1.27 percent. The more liquid Milanka Price Index (MPI) which sank below 5,000 point level however recovered to 5, 004, though losing 82 points, down by 1.61 percent. The newly introduced S&P SL20 Index fell 0.48 percent or 14 points to close at 2, 992. The turnover struggled amidst lack of large deals to Rs.272 million, well below the daily average turnover of Rs.910 million.

According to Lanka Securities, selling activity was evident by retail investors yesterday as people were preparing for the upcoming holiday season. However some analysts contradicted this statement saying that it’s too early for the market to lose steam for the December holiday season. “Markets extended its yesterday’s fall and have now broken below its crucial support level of 5,500. Technically the markets are looking weak and after the break of 5,500 it has opened way for further downside. On the downside the markets can test 5,300 levels and below this the next support zone comes around 5,200,” Bartleet Religare Securities said.

According to Softlogic Equity Research, the poor performance of I n d e x h e av y Dialog Axiata (-4.8%),Commercial Leas ing & Finance (-7.7%), John Keells Holdings (-0.9%) and Cargills (Ceylon) (-3.4%) predominantly weighed on the index negatively.

Quoting stock analysts and brokers, Reuters said that investors had been shifting to fixed deposits from equities after the Central Bank kept key policy rates at three-year high after the market closed on Friday.

“High interest rates and uncertainty on where the interest rates are heading are keeping the local investors away,” one broker was quoted as saying.

Foreign investors bought a net 75.5 million rupees worth of shares, extending the net foreign inflow this year to 34 billion rupees.
http://www.dailymirror.lk/business/stock/23647-bourse-nosedives-despite-fair-valuations-.html