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

» lOFC definitely will hit 6/-
by stockback Today at 2:51 am

» CIND , 10% guaranteed return
by Teller Today at 2:46 am

» Look PAP Amazing company
by Teller Today at 2:44 am

» Bottom of market
by Teller Yesterday at 10:52 pm

» Triple Top Reversal pattern
by Teller Yesterday at 9:16 pm

» Keep eye on Politics
by Yahapalanaya Yesterday at 6:25 pm

» BFN - PRIVATE PLACEMENT ANNOUNCEMENT TO COME SOON
by mahasona2 Yesterday at 1:00 pm

» LOFC - LDEV -EXPO ....BULL RUN TIME FOR COLLECTION ..
by mahasona2 Yesterday at 12:54 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 12:38 pm

» PAN ASIA POWER
by Nuwan Samarawickrama Yesterday at 10:33 am

» Aluf will be better
by wisdom79 Yesterday at 8:50 am

» Stop promoting garbage. Don’t get deceived.
by wisdom79 Yesterday at 8:46 am

» RICH is not bad @ 9/-
by Teller Yesterday at 3:18 am

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by Teller Yesterday at 3:16 am

» Be careful with HVA and LITE
by Teller Yesterday at 3:11 am

» WATA future looks good
by Teller Wed Jun 19, 2019 10:00 pm

» If i am the EPF buyer,I will go for PLC
by Teller Wed Jun 19, 2019 9:59 pm

» LLUB Pattern reversed. Good buy @60, target +20%
by Teller Wed Jun 19, 2019 9:58 pm

» THE CURSE ON JKH
by Teller Wed Jun 19, 2019 9:04 am

» Why we should buy AEL.N0000…?
by Miss-Sangeetha Wed Jun 19, 2019 7:45 am

» The Curse Of AEL
by Yahapalanaya Tue Jun 18, 2019 11:06 pm

» Senthilverl Drives Sri Lanka Stock Market Turnover to hit Rs.2 billion
by Yahapalanaya Tue Jun 18, 2019 11:03 pm

» 8 Finance companaies to be closed very soon
by samaritan Tue Jun 18, 2019 8:52 pm

» Copreus (Pvt) Ltd - Need some Information
by Copreus Tue Jun 18, 2019 12:44 pm

» BALA can come down to 9/-
by Teller Tue Jun 18, 2019 12:27 am

» MARKET UP......BUT BFL....GRAN....TAFL......
by Trader321 Mon Jun 17, 2019 4:31 pm

» TAFL - GOLDEN EGG IN POULTRY SECTOR
by Trader321 Mon Jun 17, 2019 4:29 pm

» MGT.N0000 & TJL.N0000 keep eye.
by Trader321 Mon Jun 17, 2019 3:58 pm

» TAFL.N000 / GRAN.N0000
by Trader321 Mon Jun 17, 2019 3:57 pm

» Market will test 4700
by karuna2 Mon Jun 17, 2019 1:08 pm

» Loss-making stockbrokers may not last six months
by Miss-Sangeetha Mon Jun 17, 2019 12:51 pm

» Those who are having SUGA And HDEV (Hotel Developers)coming week you all can excpect Good News to come
by Capton KIng Cool Mon Jun 17, 2019 12:25 pm

» ECL wAS 2.8 Last week Today 4.7 .Whats Next? Acme?
by Capton KIng Cool Mon Jun 17, 2019 9:02 am

» IDL IDL IDL
by Teller Sat Jun 15, 2019 6:18 pm

» Look APLA its trending to 98LKR
by Teller Sat Jun 15, 2019 2:24 am

» SAMP Oversubscribed?
by Teller Sat Jun 15, 2019 2:13 am

» Apple Lost Sales in Europe to Chinese Firms Ahead of US Huawei Crackdown
by Teller Sat Jun 15, 2019 1:44 am

» Market is On The Rise.Market PER 8.5, EPF Has entered the market curently they are buying AEL (Access Enginering)There'r lot of counters. Rich,TkyoAsir,Amsl,Osea.CINV.EXPO,JINS and Tyre.good luck
by wisdom79 Fri Jun 14, 2019 7:55 pm

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by ddrperera Thu Jun 13, 2019 9:25 pm

» EPF Investment in Unquated copmanies .Who is responsible Previous Centeral Bank Governer and Former Regime.
by Capton KIng Cool Thu Jun 13, 2019 9:05 am

» PDL (Property Development)
by Capton KIng Cool Thu Jun 13, 2019 8:51 am

» EAST Steady at 18
by Cricketman Thu Jun 13, 2019 5:28 am

» Guys what happen these days
by Yahapalanaya Thu Jun 13, 2019 2:29 am


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]

sriranga

sriranga
Co-Admin
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)
http://in.reuters.com/article/2013/01/16/markets-srilanka-idINL4N0AL74720130116

http://sharemarket-srilanka.blogspot.co.uk/

Redbulls

Redbulls
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.
http://lbo.lk/fullstory.php?nid=321548780

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

sriranga

sriranga
Co-Admin
* 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.
CSE…

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.
http://www.ft.lk/2013/01/17/cse-soars-despite-chaos-over-cj/

http://sharemarket-srilanka.blogspot.co.uk/

sahan8896


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