Trade Summary Market - 09/05/2012

sriranga · 1 Trade Summary Market - 09/05/2012 Wed May 09, 2012 3:56 pm

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23226
Reputation : 2855
Join date : 2011-02-01
Location : London

Trade Summary Market - 09/05/2012 Cse129

Trade Summary Market - 09/05/2012 Cse229

Last edited by sriranga on Wed May 09, 2012 6:47 pm; edited 1 time in total

sriranga · 2 Crossings - 09/05/2012 Wed May 09, 2012 4:10 pm

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23226
Reputation : 2855
Join date : 2011-02-01
Location : London

Trade Summary Market - 09/05/2012 Crossi17

Slstock · 3 Re: Trade Summary Market - 09/05/2012 Wed May 09, 2012 4:28 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13568
Reputation : 1158
Join date : 2011-01-22

sriranga wrote:

Some people are seeing differently about CSE future. If one climbs a mountain expect a descend and vice versa.

Kumar · 4 LBT: Market Wednesday Wed May 09, 2012 5:07 pm

Kumar

Senior Vice President - Equity Analytics

Posts : 1636
Equity Stars : 7053
Reputation : 232
Join date : 2011-09-27

Trade Summary Market - 09/05/2012 090510

May 09, 2012 (LBT) - The ASPI continued to decline losing 0.7% to close at 5257. Turnover improved slightly from yesterday’s levels however rising to LKR544 mn with trading in United Motors, Commercial Bank and John Keells Holdings accounting for 26% of the day’s total. Losers outpaced gainers once again with Colombo Fort Investments, Dolphin Hotels and Orient Garments declining by 22.6%, 13.3% and 13.3% offsetting gains in Harischandra Mills, SMB Leasing(X) and Citrus Leisure(W0018) which rose by 50.0%, 33.3% and 33.3% respectively. Asian markets meanwhile fell as Greeks rejected the strict cuts imposed as part of plans to clear up Athens' mountain of debts.

In corporate news Ceylon Tobacco reported 1Q2012 net revenue growth of 11.5% to LKR 4.5 bn compared to LKR 4 bn recorded during the previous comparable quarter. Revenues paid to the government increased to LKR15 bn during the period. Net profit meanwhile increased by 83% to LKR1.5 bn during the quarter on the back of greater operating efficiencies. Continuing its generous dividend payout policy, CTC meanwhile declared an interim dividend of LKR 7.90 per share amounting to a 99% dividend payout.

While a mixed bag of quarterly corporate results were released so far, the majority of the results have been largely positive with strong top line growth although pressure on margins have dented bottom line performance. While we expect market activity to be relatively restrained in the immediate term due to the lack of a relevant catalyst, we expect momentum to gather steam in the medium to longer term with a break to the upside from the relatively sideways flag that we have been experiencing so far. Consequently, we view the current market environment as an opportunity for medium to longer investors to clean their books, re-align their portfolios and maintain a healthy investment horizon and focus on companies that will deliver quality earnings.
http://lbt.lk/stock-market/movement/1819-lbt-market-wednesday

sahan8896 · 5 Re: Trade Summary Market - 09/05/2012 Wed May 09, 2012 6:47 pm

sahan8896

Assistant Vice President - Equity Analytics

Posts : 933
Equity Stars : 5960
Reputation : 53
Join date : 2011-08-27

Lucky foreigners............

Redbulls

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 16261
Reputation : 770
Join date : 2012-02-14

The Colombo equity market tumbled further today recording eighty, 52 two weeks low counters in the trading floor. Furthermore broad level of selling pressure was observed in the market.

ASI dipped by 38.81 points (-0.73%) to close at 5,256.79 and liquid MPI dropped by 27.40 points (-0.58%) to end at 4,714.29.
Market turnover posted at Rs.544.2mn

United Motors Lanka Plc (Rs.144.5mn) contributed strongly to the daily turnover along with Commercial Bank Plc (Rs.57.6mn) and John Keells Holdings Plc (Rs.55.7mn)

In the meantime active trading was witnessed in counters such as Blue Diamond – non-voting, Commercial Bank Plc and Swarnamahal Financial Plc.

Foreign participation stood at 28.4% of the total market activity and at the end of the day foreign investors were the net buyers with a net foreign inflow of Rs.279.0mn.

Price depreciation in index heavy counters such as John Keells Holdings Plc (down Rs.2.10), Ceylon Tobacco Plc (down Rs.13.00) and Dialog Telecom (down Rs.0.10) dragged down the overall market sentiment.