Trade Summary Market - 10/09/2013

Source: Direct FN

http://www.cse.lk/cmt/upload_cse_report_file/daily_report_682_10-09-2013.pdf

Stock market regained and closed with positive returns for the first time in month of September along with the renewed investor confidence about the economic growth and the probable positive response from foreign investors who participated at the investor forum held in Hong Kong yesterday.

Price appreciations in large cap stocks such as Ceylon Tobacco by 1.9 %( closed at LKR 1,050.00), Nestle Lanka by 2.5% (closed at LKR 2,047.50) and Chevron Lubricants by 3.9% (closed at LKR 265.00) contributed positively to the market performances.

ASI gained 62.07 points (1.11%) to close at 5,667.33 and the S&P SL20 index gained 18.59 points (0.59%) to close at 3,150.69. Turnover was LKR 630mn.

Top contributors to turnover were John Keells Holdings with LKR 325mn, Ceylon Guardian Investments with LKR 91mn and Commercial Bank with LKR 37mn. Most active counters for the day were Central Investment and Finance, PC House and Environmental Resources Investments.

Cash map for today was 48%. Foreign participation was 37% of total market turnover whilst net foreign selling was LKR 287mn.

Thanks Shri for sharing.

By the way as per above LSL report, cash map is 48% but DirectFN TWS, gives cash map as 67.74%. ? Can any one explain which one is correct.

Got to know JKH was bought buy EPF and it's foriegn outflow.Any confermation.

sikka89 wrote:Got to know JKH was bought buy EPF and it's foriegn outflow.Any confermation.

Not a bad investment for the EPF.

Interest in John Keells Holdings yesterday helped prop up the falling Colombo bourse with the All Share Price Index gaining 62.07 points (1.1%) while S&P SL20 was up 18.59 points (0.59%) on a turnover of Rs.629.7 million, up from the previous day’s Rs.323.6 million, with 156 gainers comfortably ahead of 42 losers while 35 counters closed flat.

Up to Monday, the CSE had declined in six consecutive trading sessions to an eight-month low.

"The upward movement was thanks to JKH where we saw block trades on nearly 0.9 million shares at Rs.209 in deals worth Rs.187 million," a broker said. "Apart from that, there were floor trades of nearly 0.7 million JKH which closed Rs.2.80 up at Rs.209.20 generating the day’s top turnover of Rs.137.9 million."

JKH traded on the floor yesterday between Rs.206 and Rs.210 picking up from Monday’s close of Rs.206.40.

Brokers explained that there was foreign buying in the counter both on Monday and yesterday explaining that Monday’s sharp fall of the indices was largely a result of downward price movements in JKH, Ceylon Tobacco, Nestle and Dialog.

"Advances outweighed declines by more than 3:1 as renewed buying interest, led by buying on selected diversified, banking, and manufacturing stocks, pushed the ASPI sharply higher. Activity levels improved, with trades on JKH continuing to dominate market turnover,’’ John Keells Stock Brokers said in a market report.

However there was a foreign outflow of Rs. 286.81 million with purchases of Rs. 86.99 million and sales of Rs. 373.80 million.

On Monday the market closed only seven points down on the All Share; but when the volume weighted average was computed the All Share had lost 67.38 points while the S&P SL20 had lost 45.07 points.

A crossing of over 0.2 million Ceylon Guardian Investments at Rs.174 contributed Rs.41.1 million to turnover yesterday.

On the floor, Guardian also saw nearly 0.3 million shares traded closing Rs.4 up at Rs.174 on a trading range of Rs.170.10 to Rs.175 contributing Rs.49.7 million to turnover – the second highest yesterday.

Commercial Bank (voting) closed 20 cents up at Rs.114 on over 0.3 million shares done between Rs.113.80 and Rs.114.30 contributing Rs.36.7 million to turnover while NDB closed Rs.1.40 down at Rs.141.60 on nearly 0.2 million shares done between Rs.140.50 and Rs.143.50 generating a turnover of Rs.25.6 million.

Lion Brewery and Chevron moved up sharply – Lion closing Rs.45.90 up at Rs.409.90 on a trading range of Rs.360 to Rs.410 on 64,323 shares while Chevron closed Rs.10 up at Rs.265 on 32,976 shares traded between Rs.255 and Rs.275.

NTB closed 10 cents up at Rs.58 on slightly over 0.1 million shares, PC House closed flat at 80 cents on 6.9 million shares and Central Investments and Finance closed flat at Re.1 on 5 million shares.
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