Trade Summary Market - 26/09/2012

Sep 26, 2012 (LBT) - Bourse recorded a healthy turnover exceeding LKR 4.2bn owing to a few off the market deals which pumped over 78% of the market’s turnover. High net worth and Institutions were seen active mainly on certain banking sector counters whereas overall retail activity witnessed mixed sentiments. The benchmark index gained 17.47 points to close at 5,943 whilst the more liquid MPI gained 18.88 points to close at 5,553. Total turnover for the day was a healthy 4.2bn. (Approximately USD 32.3 million) Total volume traded was over 72K.

Several off the market deals were witnessed during the day which managed to pamper the day’s turnover. Diversified conglomerate SPEN saw a strategic deal where a 6% stake change hands at Rs.123.10 and Rs.130. The counter single handedly generated over 72% of the day’s turnover pumping over 3bn for the day. Market heavyweight JKH also witnessed 4 blocks worth 400,000 shares change hands at Rs.222. The counter closed at Rs.223 after reaching an intraday high of Rs.223.90. Food & Beverage sector heavyweight NEST also witnessed an off the market deal where 100,000 shares change hands at Rs.1,200.

NDB continued to witness its buying spree from both high net worth’s and retailers to trade a high of Rs.155. The cap contributed over 100mn and closed at Rs.152.20 gaining a healthy 7.47% for the day. CINS also traded a few large parcels close to 200K shares at around Rs.815.NTB also rose Rs.1.60 on the back of Institutional and high net worth accumulation. Retail heavy counters witnessed mixed sentiments although counters such as GLAS and LHCL witnessed buying interest throughout the day. GLAS traded over 1.5mn shares to close at Rs.6.50 whilst LHCL gained 3.66% to close at Rs.51.40. TFIL saw much volatility as it traded its quantities between Rs.18.30 and Rs.16.30. The counter traded over 11.1mn shares and closed the day at Rs.16.80 shedding 5.11%. Further, caps such as ASIR,CITK and FLCH topped trading volumes whilst SEMB.X emerged as the top gainer.
http://lbt.lk/stock-market/movement/2696-lbtmarket-wednesday

* Deal worth nearly Rs. 3 billion

The Colombo bourse sustained its upward run yesterday on a turnover of Rs.4.26 billion, up from the previous day’s Rs.1.07 billion, with all three indices up – the All Share by 17.47 points (0.29%), the Milanka by 18.88 points (0.34%) and S&P by 19.17 points (0.60%) with 127 gainers ahead of 112 losers while 69 counters closed flat.

Crossings of 300,000 Aitken Spence at Rs.130 and 24 million at Rs.123.10 in deals worth nearly Rs.3 billion accounted for most of yesterday’s turnover.

There were also crossings of 400,000 JKH at Rs.223 worth Rs.88.9 billion and 100,000 Nestle at Rs.1,200 accounting for Rs.120 million done during the day.

On the trading floor the big turnover generators were Ceylinco Insurance, NDB, JKH, Aitken Spence, Lanka Hospitals and Commercial Bank.

``The indices continued their upward trend due to sustained buying interest large caps such as NDB, JKH, SPEN and COMB. Activity levels were led by a crossing on SPEN, which accounted for over 70% of turnover," John Keells Stock Brokers said in a market report.

Foreigners remained net buyers with purchases worth Rs. 412.11 mn. and sales of Rs. 134.06 mn. leaving an inflow of Rs. 278.05 mn.

Ceylinco saw over 0.4 million shares done between Rs.800.10 and Rs.850 contributing Rs.179.4 million to turnover while NDB continued its upward momentum generating the day’s second highest turnover of Rs.100.1 million on over 0.7 million shares done between Rs.147 and Rs.155 contributing Rs.108.1 million to turnover.

Brokers and analysts said that this counter as well as Aviva NDB Insurance, which closed Rs.26.70 up at Rs.440 on 50,524 shares done between Rs.430 and Rs.435 were moving up sharply on expectation of the purchase of the insurance company by a Hong Kong based giant.

However, no formal announcement of any deal has yet been made.

Retail interest was evident in NDB, Lanka Hospitals and Aviva NDB Insurance, brokers said.

JKH closed Rs.1.80 up at Rs.223.30 on over 0.4 million shares traded on the floor between Rs.158.20 and Rs.223.90 generating a turnover of Rs.91.7 million while Aitken Spence was 50 cents up on the trading floor to close at Rs.130 on nearly 0.4 million shares done between Rs.125.10 and Rs.132 generating a turnover of Rs.50.7 million.

Lanka Hospitals closed Rs.1.80 up at Rs.51 on nearly 0.9 million shares while Commercial Bank was up 50 cents to close at Rs.114.40 on nearly 0.4 million shares.

NTB was another banking stock up Rs.1.60 to close at Rs.63 on over 0.3 million shares while Chevron edged down 30 cents to Rs.190.10 on slightly over 0.1 million shares.

Asiri closed flat at Rs.11.40 on 2 million shares.

Dividends were announced by Sanasa Development Bank paying an interim Rs.5 per share for 2012 XD from Oct. 5 and payment on Oct 16; a 50 cents final dividend for 2011/12 from Orient Garments XD from Oct. 5 and with payment on Oct. 16 and Rs.0.15 first interim from e-Channelling for 2012/13 XD from Oct. 5 and payment on Oct. 16.
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