Trade Summary Market - 03/12/2012

sriranga · 1 Trade Summary Market - 03/12/2012 Mon Dec 03, 2012 4:05 pm

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Dec 03, 2012 (LBO) - Sri Lanka stocks closed 0.2 percent lower Monday amid thin trading, with some large cap stocks losing ground, while the rupee gained against the dollar, brokers and dealers said.

The rupee opened at around 129.80/130.00 against the US dollar in the spot market and closed around 129.30/40 levels, after trading as strong as 129.00/20 levels, dealers said.

The benchmark Colombo All Share Price Index slipped 13 points to close at 5,337.7 points and the S&P SL20 Index closed at 2,931.40 falling 10.62 points or 0.36 percent.

Turnover was 173 million rupees.

Trading in John Keells Holdings brought the biggest turnover for the day at 24.7 million, Pan Asia Bank 20.8 million, 12 million DFCC and 9.3 million and Metropolitan Resource Holdings.

John Keells closed at 297.10 down 1.40 rupees, Cargills closed at 140.00 down 4.00 rupees.

Commercial Leasing and Finance rose 30 cents to close at 3.60 rupees, People's Leasing closed at 12.00 up 50 cents, LOLC closed at 50 rupees up 90 cents and Aitken Spence closed at 118.20 up 60 cents.

Brokers say some stocks are getting fundamentally strong amid falling prices and some earnings growth, but price earnings multiples are weak due to macro issues giving opportunities for long term buyers, unlike buyers exposed to credit.

Foreign investors who sold out at high multiples during a stock and credit market bubble are now coming back.

Update II
http://lbo.lk/fullstory.php?nid=720635885

sriranga · 3 03/12/2012 and Top 10 Contributors to Change ASPI Mon Dec 03, 2012 5:50 pm

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Trade Summary Market - 03/12/2012 Cont87

sriranga · 4 Following Stocks Reached New High / Low on 03/12/2012 Mon Dec 03, 2012 5:52 pm

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Trade Summary Market - 03/12/2012 Hilo26

sriranga · 5 LBT: Market Monday Mon Dec 03, 2012 5:55 pm

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WRITTEN BY THARANGA SENARATNE

Trade Summary Market - 03/12/2012 Moveme12

Dec 03, 2012 (LBT) - The All Share Price Index lost 13.54 points to close at 5,337.71 (-0.3%) while the Milanka Price Index lost 27.74 points to close at 4,841.09 (-0.6%).

Total turnover for the day stood at LKR173.3 mn (USD1,339.4 k) vs. 12-months average daily turnover of LKR1,017.3 mn (USD7,861.6 k), whilst the volume traded for the day was 10,524 k against the 12-months average daily volume of 40,101 k.

Top contributory counters towards the turnover for the day were, John Keells Holdings LKR24.7 mn (USD191.2 k, -0.7%), Panasian Bank LKR20.8 mn (USD161.0 k, 0%), DFCC Bank LKR12.0 mn (USD92.5 k, 0.8%), Metropolitan Resource Holdings LKR9.3 mn (USD71.9 k, 19.4%) and Distilleries Company of Sri Lanka LKR8.5 mn (USD65.6 k, 0%).

Another slow day of trading was witnessed in the Colombo bourse as indicated by the low turnover and volumes recorded over the course of the day. The ASI was on a downward trend since the beginning of trading and reached an intraday low of 5,325.84 by midday before subsequently recovering on the back of few large transactions on select counters. Panasian Bank, DFCC Bank and Metropolitan Resource Holdings were such counters which witnessed institutional interest, whilst John Keells Holdings also garnered retail investor participation to become the top contributor towards the day’s turnover.

Further Metropolitan Resource Holdings benefitted from a significant price appreciation of 19.43% to end the day at LKR19.94. Retail investor interest was also witnessed in People’s Leasing & Finance, Union Bank and Free Lanka capital holdings. No crossings were recorded during the course of the day.

Foreign purchases amounted to LKR40.4 mn (USD312.4 k), whilst foreign sales amounted to LKR32.5 mn (USD250.9 k). This resulted in a net foreign inflow of LKR8.0 mn being recorded at the end of the day’s trading.

Market capitalization stood at LKR 2,049.7 bn. YTD performance is -12.1%.