Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» AAIC - Profit over one billion!!!!!
by wisdom79 Today at 7:36 pm

» Positive News
by Promoney Today at 7:24 pm

» Bansei Royal Resorts BRR up 23%
by Invest-Wise Today at 4:52 pm

» BIL පුපුරා යාමට ආසන්නයි
by Winner123 Today at 4:30 pm

» Market again heading to 4800? :D
by Ahcha Today at 3:38 pm

» RAL....RAL, Renuka Agri
by nirowat Today at 3:33 pm

» Massive Fraud At AEL subsidiry
by ThilinaM Today at 2:30 pm

» Just About Prima Glass – GLAS
by KOLAA Today at 1:18 pm

by Eugine Fernando Today at 12:51 pm

» SEMB.N predictions
by 4Corners Today at 10:14 am

by CITIZEN Today at 10:10 am

» After Advanced level what is
by lankaspeaker Today at 9:57 am

» LOTUS TOWER economy
by CITIZEN Today at 9:55 am

by Ahcha Today at 7:21 am

by Teller Yesterday at 11:23 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 7:56 pm

» Stupid fucking UNP and ranils ass hole economics
by samaritan Yesterday at 7:14 pm

» KAPI (MDT Walkers PLc)
by samaritan Yesterday at 7:12 pm

» Learn To Invest Yourself.
by Asoka Samarakone Yesterday at 5:56 pm

by Beta1 Yesterday at 3:12 pm

» lOFC definitely will hit 6/-
by Teller Yesterday at 1:04 am

» Renuka managemnt Treat SH as Trash
by Sanju121 Sun Sep 15, 2019 5:36 pm

» Blue Diamonds Voting & Non Voting
by Ahcha Sun Sep 15, 2019 6:35 am

» MULL trade up possibilities
by crs Sat Sep 14, 2019 7:22 pm

» MARA marai
by SECsux Fri Sep 13, 2019 6:22 pm

by Eng Krishantha Fri Sep 13, 2019 5:06 pm

» LIOC shares
by lakmal Fri Sep 13, 2019 12:47 pm

» JKH will touch 175 very soon
by Rare Fri Sep 13, 2019 11:10 am

» ඇවන්ගාඩ් අල්ලස් නඩුවෙන් ගෝඨාභය නිදහස්
by samansilva Fri Sep 13, 2019 12:25 am

» Invest AEL and TKYO return more than 30%...
by samaritan Thu Sep 12, 2019 5:15 pm

» Watch Out for MAL.X
by Cricketman Thu Sep 12, 2019 1:56 pm

by Sanju121 Thu Sep 12, 2019 1:02 pm

by Sanju121 Thu Sep 12, 2019 12:28 pm

» BIL. N mandatory offer at Rs 6.80
by Equityinvestor Thu Sep 12, 2019 12:05 pm

» PAP vs RAL
by Teller Thu Sep 12, 2019 11:04 am

by Ahcha Thu Sep 12, 2019 10:40 am

» Look PAP Amazing company
by reyaz Thu Sep 12, 2019 10:21 am

by ThilinaM Thu Sep 12, 2019 9:56 am

by Sanju121 Thu Sep 12, 2019 9:45 am

by samaritan Thu Sep 12, 2019 7:39 am

» Kzoo vs onal
by fireshelter Wed Sep 11, 2019 5:56 pm

» Still you can Enter to CFVF.N0000 :
by Trader321 Wed Sep 11, 2019 4:55 pm

» Only equity stocks are discussed here!
by reyaz Wed Sep 11, 2019 4:36 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Trading Wednesday - Sri Lanka stocks close up 01-pct

Trading Wednesday - Sri Lanka stocks close up 01-pct

Go down  Message [Page 1 of 1]


Jan 16 (Reuters) - Sri Lanka's stock market rose more than 1 percent on Wednesday to hit a three-month high, helped by foreign buying in large caps and falling interest rates ahead of the central bank's January monetary policy rates announcement.

The main share index closed up 1.08 percent, or 62.23 points, at 5,812.47, its highest close since Oct. 9.

"Foreign investors bought large caps," a stockbroker said on condition of anonymity. "We see a positive outlook for the market at the moment due to falling interest rates."

Ceylon Tobacco Company PLC slimbed 2.80 percent firmer to 899.40 rupees while Chevron Lubricants Lanka PLC closed 3.79 percent up at 227.20 rupees.

The central bank is expected to keep key policy rates steady on Thursday after last month's surprise rate cut, a Reuters poll showed, but analysts see further easing in monetary conditions during the first half.

On Wednesday, T-bill yields eased for the seventh straight week. The 91-day yields eased 13 basis points to a 10-month low of 9.75 percent.

Foreign investors were net buyers of 112.1 million rupees ($886,200) worth of shares, extending the net inflow to 482.6 million rupees so far this year. Last year, Sri Lanka enjoyed a record 38.63 billion rupees foreign inflow.

The day's turnover was 636.2 million rupees ($5.03 million).

The rupee closed marginally weaker at 126.55/60 to the dollar from Tuesday's close of 126.50/60, traders said.
($1 = 126.5000 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Ron Popeski)


Director - Equity Analytics
Director - Equity Analytics
Jan 16, 2013 (LBO) - Sri Lanka's stocks closed one percent Monday helped by gains in some large cap stocks amid falling gilt yields ahead of a Central Bank rate decision, brokers said.

The Colombo All Share Price Index rose 62.3 points to 5,812.47. The S&P SL 20 Index rose 28.86 points to 3,163.18 points up 0.92 percent.
Turnover was 636 million rupees.

Ceylon Tobacco Company closed at 899.40 rupees up 24.50 and Carsons closed at 448.20 up 21.20 rupees contributing most to the index gain, Colombo Stock Exchange data showed. George Steuart Finance an illiquid stock fell 181 to 555.00 rupees with 5 shares traded.

Hatton National Bank closed at 146.00 down 50 cents, Commercial Bank closed at 105.00 unchanged, and DFCC closed at 120.560 up 1.60 cents.

John Keells Holdings closed at 225 rupees up 70 cents.

3Trading Wednesday - Sri Lanka stocks close up 01-pct Empty CSE soars despite chaos over CJ on Thu Jan 17, 2013 4:57 am


* Market’s value swells by Rs. 24 b

* Net foreign inflow tops Rs. 500 m by mid-month

Investor sentiments at the Colombo Bourse appear to be unscathed by the crisis over the change in the country’s Chief Justice, as the market’s value swelled by Rs. 24 billion yesterday in one of the highest day-gains in recent times and foreigners continuing with buying.

Trading Wednesday - Sri Lanka stocks close up 01-pct Lead-m10

The rise of 62 points propelled the benchmark ASI to over 5,800-point mark for the first time since October last year. The sharp rise also broke the seven-day stagnation period. Market capitalisation rose by Rs. 24 billion to close at Rs. 2.32 trillion. The ASI’s gain peaked to 83 points before cooling off a bit. The day’s gain was the highest in five weeks.

Despite rebound in sentiments, which analysts linked to the Chief Justice issue coming to finality, turnover was relatively low at Rs. 636 million, though some opined there was notable across-the-board buying interest.

Foreign investors continue to be bullish, with a net buying of Rs. 112 million, on top of Rs. 190 million on Tuesday.

Though early in the New Year, the net foreign inflow has topped the Rs. 500 million mark by mid-January. Last year was a record with Rs. 39 billion net foreign inflow.

Year-to-date, the Colombo Bourse is up 3%, showing early signs of recovery after it dipped by 7% in 2012.

“The continuous decreasing trend witnessed in the Treasury rates and the resolution of the political debacle over the impeachment of the Chief Justice would have presumably uplifted investor sentiments,” noted Asia Wealth Management. Lanka Securities said stocks rallied ahead of the Central Bank’s Monetary Policy review to decide on the direction of policy rates.

Softlogic Stockbrokers said market heavyweights Sri Lanka Telecom, Ceylon Tobacco, Carsons Cumberbatch, and Chevron Lubricants were instrumental in the ASI’s gain. The S&P SL20 also traded on a similar pattern, up by 30 points.

“We welcome the market rally with fundamentally-backed players being at the centre-stage, amidst improved market sentiments across the board,” Softlogic said.

“Notably some reactivation of retailers was witnessed, which we believe needs further momentum for the Bourse to sustain gains whilst supporting overall participatory levels,” it added.

Softlogic also said the continued drop in Government yields had started to gradually reflect on equities, which
it expects to elevate further as the market interest rates would follow the declining trend over the short term, hence further enhancing the attractiveness of the equities.

“In this backdrop, we expect local retail investor participation to gather considerable momentum within the next few months. Hence, we advise the value seekers to fasten up accumulation in the steady players with increased cash allocation as we expect the market to generate attractive returns, particularly with the reversal of the rising interest rate environment,” Softlogic said.

Yesterday premier blue chip JKH extended buying interest spearheading the day’s turnover as the counter recorded the only crossing, carrying 225,000 shares at Rs. 225 each. Several large deals were also drawn on-board in the counter, including a 150,000 share block as it closed with a marginal price gain at Rs. 225.

Substantial investor activity was notable in Softlogic Holdings as the counter recorded several on-board trades as it touched a high of Rs. 13.2, before closing at Rs. 13 with an 11.1% advance.

Ceylon Tobacco continued to renew its 52-week high price amidst buying interest touching Rs. 950, where the counter closed with a 2.8% gain at Rs. 899.4.

Buying interest was also notable in banking and finance sector counters Hatton National Bank (-0.3%), Commercial Bank of Ceylon (+0.0%), People’s Leasing & Finance (+4.2%), Nations Trust Bank (+2.7%), and DFCC Bank (+1.3%).

Further, Chevron Lubricants and Asiri Hospital Holdings both renewed their 52-week high prices at Rs. 227
and Rs. 12.2 respectively. Large on-board deals continued in Dialog Axiata whilst Sri Lanka Telecom also grabbed considerable attention, Softlogic Stockbrokers said.


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Again wrong topic "CSE soars despite chaos over CJ" .A drama was acted and now it's over and there's no chaos.It's time to forget this like most of us forgot " UN resolution drama" which was more external issue which could have effected CSE.we are on the way to 6000+ cheers cheers

Sponsored content

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum