Trading Wednesday - Sri Lanka stocks close down 1.04 pct

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October 10, 2012 (LBO) – Sri Lanka stocks closed down 1.04 percent Wednesday with several blue chip stocks losing ground.

The Colombo All Share Index closed at 5,772.52 down 60.80 points and the S & P SL 20 Index closed 16.31 points lower at 3,127.62 down 0.52 percent.

Turnover was 398 million rupees. Top contributors to turnover were JKH with 140 million rupees, Commercial Bank with 54 million rupees and NDB with 15 million rupees.

AVIVA NDB Insurance PLC dropped 32.00 rupees to close at 367.90 rupees down 8.00 rupees.

Aitken Spence PLC slipped 2.20 rupees to close at 132.90 rupees up 1.68 percent.

Commercial Bank slipped 0.20 cents to close at 111.80 rupees down 0.18 percent. DFCC Bank dropped 1.60 rupees to close at 115.20 rupees down 1.37 percent. Hatton National Bank closed at 113.00 rupees down 0.18 percent.

Dialog Axiata PLC closed flat at 8.80 rupees.

Index heavy John Keells Holdings PLC slipped 5.00 rupees to close at 208.80 rupees down 2.34 percent.
http://lbo.lk/fullstory.php?nid=1746788861

sriranga · 2 Turnover low, indices down Thu Oct 11, 2012 12:40 am

sriranga

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The Colombo bourse continued its downward slide yesterday with turnover a modest Rs.398.1 million, down from the previous day’s Rs.526.1 million, with all indices down – the All Share by 60.80 points (1.04%), the Milanka by 79.29 points (1.47%) and S&P by 16.16 points (0.51%) with 53 gainers trailing 163 losers while 93 counters closed flat.

"The ASPI dipped sharply due to selling pressure on most of the large caps amid low activity levels, driven by trades on diversified, banking and finance counters," John Keells Stockbrokers said.

Foreign inflows amounted to Rs. 167.73 million resulting in a net inflow of Rs. 96.72 million.

There were two crossings yesterday with 180,000 Commercial Bank (voting) changing hands at Rs.112.50 in a deal worth Rs.20.25 million and 436,109 JKH crossed at Rs.213.80 in a transaction valued at Rs.93.2 million.

The most traded counter on the trading floor was JKH which closed Rs.4.80 down at Rs.209 with over 0.2 million shares done between Rs.207.70 and Rs.215 contributing Rs.47.3 million to turnover.

Commercial Bank followed losing 80 cents to close at Rs.111.20 on 0.3 million shares done between Rs.111.20 and Rs.113 generating a turnover of Rs.34 million while NDB lost Rs.2.80 to close at Rs.140.20 on slightly over 0.1 million shares done between Rs.140 and Rs.142.50 contributing Rs.15.8 million to turnover.

Brokers said that sentiment was poor and turnover volumes had eased with retail participation seen in NDB and LOLC which lost Rs.1.10 to close at Rs.54.20 on nearly 0.2 million shares traded between Rs.54 and Rs.55.70.

Among the other most traded counters were Royal Ceramics down Rs.1.40 to close at Rs.103 on 79,122 shares, Dialog down 10 cents to close at Rs.8.70 on over 0.7 million shares, People’s Merchant Bank up 20 cents to close at Rs.16.40 on nearly 0.2 million shares and E-Channelling down 20 cents to close at Rs.6.20 on nearly 0.9 million shares.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=63451

sriranga · 3 Stocks near one-month low; rupee weaker Thu Oct 11, 2012 12:41 am

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Reuters: Stocks fell for the third straight session on Wednesday to hit a near one-month low in low trade, dealers said, while the rupee ended weaker on importer dollar demand.

The Colombo Stock Exchange’s main index ended 1.04 per cent, or 60.80 points, weaker at 5,772.52, its lowest level since 13 September.

Turnover was Rs. 398 million ($ 3.10 million), well below this year’s daily average of Rs. 952 million. The Bourse saw a net foreign inflow of Rs. 96.7 million, extending the net foreign inflow so far this year to Rs. 32.48 billion. Brokers also said the introduction this week of eased regulations by the Securities and Exchange Commission had little effect on trading.

On Wednesday, T-bill rates fell to an eight-month low with the benchmark 91-day T-bill rates falling by 37 basis points to 10.63% at auction. The rupee closed weaker at 128.45/55 to the dollar compared with
Tuesday’s close of 128.25/35, on importer dollar demand, dealers said.
http://www.ft.lk/2012/10/11/stocks-near-one-month-low-rupee-weaker/