Trade Summary Market - 06/09/2012

sriranga · 1 Trade Summary Market - 06/09/2012 Thu Sep 06, 2012 4:07 pm

sriranga

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sriranga · 2 Trading Thursday - Sri Lanka stocks close up 0.3-pct Thu Sep 06, 2012 5:17 pm

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Sept 06, 2012 (LBO) - Sri Lanka stocks closed up for the eighth straight trading session gaining 0.3 percent helped a steep rise in Commercial Leasing and Finance Company boosting the index, brokers said.

Colombo's benchmark All Share Price Index ended the day at 5,388.9, up 16.7 points and the S&P SL20 index fell 0.25 percent to close at 2,936.01 points down 7.30 points.

Turnover was 1,087 million rupees.

Activity on small caps and penny stocks increased after a regulator who was tough on securities fraud was replaced and Colombo stocks have gained 6.9 percent since August 23.

After opening lower, stocks rallied Thursday with Commercial Leasing Finance which rose 29.7 percent or 1.10 rupees to 4.80, supporting the index.

Abans Finance rose 2.60 to close at 38.70 rupees, Central Investments and Finance closed up 50 cents at 5.20 rupees, Kalamazoo Systems, an illiquid small cap closed up 410 rupees at 3,400 rupees.

Asiri Surgical rose 20 cents to close at 8.30 rupees, Bogowantalawa Tea Estates closed up 80 cents at 16.70 rupees.

John Keells Holdings closed up 1.70 at 198.80 rupees, Dialog Axiata closed up 10 cents at 6.20, Sri Lanka Telecom closed up 40 cents at 44.00 rupees and Commercial Bank was flat at 106.00 rupees.
http://lbo.lk/fullstory.php?nid=1289216951

sriranga · 3 Top 10 Contributors of ASPI Thu Sep 06, 2012 5:20 pm

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Slstock · 4 Re: Trade Summary Market - 06/09/2012 Thu Sep 06, 2012 5:26 pm

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Interesting index result if you take away the CLC hike.

However, the selling pressure and selling volume is reduced a lot now adays.Peoples minds are more solid it seems.

Redbulls · 5 Re: Trade Summary Market - 06/09/2012 Thu Sep 06, 2012 5:28 pm

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K.Haputantri · 6 Re: Trade Summary Market - 06/09/2012 Thu Sep 06, 2012 6:20 pm

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We all hope for continous improvements in indices. Turnover is good. ?Can any one explain the signal given in S&P. Idea

Is the current run is driven by craps while blue chips being ignored. This is similar to the trend we saw when bear began some time back. I remember, when the then DG SEC cautioned traders to pay more attention to blue chips he was heavily criticized by crap promoters. This was the time when they started credit control. Basketball

I am worried. study

Malika1990 · 7 Re: Trade Summary Market - 06/09/2012 Thu Sep 06, 2012 6:34 pm

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Slstock · 8 Re: Trade Summary Market - 06/09/2012 Thu Sep 06, 2012 6:35 pm

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More than index heavy shares that constitute SP20, other shares went down by bigger percentages ( generally) in the down turn. Some Penny stocks were beaten to death. Also once inflated craps were humbled. Many people would have been holding craps , specs and small priced shares as opposed to blue chips.

So in this run, people need to make quicker profit , recover their losses to get sentiments back. If blue chips ran the index would be 6000 by now and many people portfolio would be still in dark red. Mainly investors and HNWI, institutions, Foreign fundss hold blue chips . So in a retailerbased run blue chips won;t run first. So in away this runs is a blessing for retailers to rotate crap for good shares and release their burdens.

Once buying power increases and confidence is set for a larger bull run, blue chips may move,

Okay just think if shares like CARS/BUKI/DIAL moved big time ( they are not that strong with earnings also)?
Remember what happened in the last leg of the big bull when index hit 7800. Which share created havoc by running so much over valuations and challenging JKH for top spot market cap? Index went up daily while no other shares really moved.

So in essence I don;t mind this run as ASI still look not inflated too much.

BTW, nOte the selling pressure is reducing over panic period. When people sell m ore buys come. ALso Hgher volumes are coming. So thing are not the same as in June.

A nyway this is just an opinion and observations.

K.Haputantri wrote:We all hope for continous improvements in indices. Turnover is good. ?Can any one explain the signal given in S&P. Idea

Is the current run is driven by craps while blue chips being ignored. This is similar to the trend we saw when bear began some time back. I remember, when the then DG SEC cautioned traders to pay more attention to blue chips he was heavily criticized by crap promoters. This was the time when they started credit control. Basketball

I am worried. study

Malika1990 · 9 LBT:Market Thursday Thu Sep 06, 2012 6:43 pm

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Sept 06, 2012 (LBT) - The All Share Price Index rose 16.79 points to close at 5,388.92 (0.3%) while the Milanka Price Index gained 24.59 points to close at 4,995.32 (0.5%). Total turnover for the day stood at LKR1,087.2 mn (USD8,216.2 k) vs. 12-months average daily turnover of LKR1,134.1 mn (USD8,571 k), whilst the volume traded for the day was 135,914 k against the 12-months average daily volume of 46,585 k.

Top contributory counters towards the turnover for the day were Asiri Surgical Hospital LKR338.5 mn (USD2,558.4 k, 3.7%), John Keells Holdings LKR60.8 mn (USD459.3 k, 1.0%), Expolanka Holdings LKR47 mn (USD355.2 k, 1.3%), Seylan Bank(Non-voting) LKR30.1 mn (USD227.7 k, 0.3%) and Sampath Bank LKR29 mn (USD218.8 k, 1.0%).

The Colombo bourse started off in the red, with the ASI recording a dip of almost 1% during the first half of the trading as retailers scrambled to realise profits. However, both indices picked up towards the latter half of the day with both indices ending up in the green. A single transaction of 41.7 mn shares of Asiri Surgical Hospital which took place at a price of LKR 8.1, propelled the counter to become the top contributor towards the day’s turnover. Although this single transaction accounted for approx. 31% of the day’s turnover, retail investor interest continued to remain strong with Seylan Bank (Non-Voting), Expolanka Holdings & Free Lanka Capital emerging as the retail favourite counters for the day.

Foreign purchases amounted to LKR117 mn (USD884.3 k), whilst foreign sales amounted to LKR50.5 mn (USD381.8 k). This resulted in a net foreign inflow of LKR66.5 mn being recorded at the end of the day’s trading. Market capitalization stood at LKR 2,060.6 bn. YTD performance is -11.3%
http://www.lbt.lk/stock-market/movement/2577-lbtmarket-thursday