Bourse slide continues

Redbulls · 1 Bourse slide continues Thu Oct 11, 2012 5:30 pm

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By The Nation
Sharp drops on counters such as John Keells Holdings and National Development Bank did not help to improve sentiments as the bourse tumbled again today. Turnover levels were higher as activity on John Keells Holdings improved whilst a single crossing on Aitken Spence took place. After many sessions of drops, many counters are reaching attractive price levels again.

ASI dropped by 51.66 points (0.89%) to close at 5,720.86, MPI lost 75.78 points (1.43%) to close at 5,229.37 and S&P index lost 34.82 points (1.11%) to close at 3,092.80. Turnover was Rs. 679.2Mn.

Top contributors to turnover were Aitken Spence with Rs. 138.2Mn, John Keells Holdings with Rs. 136.1Mn and Ceylon Hospitals with Rs. 57.8Mn. Most active counters were John Keells Holdings, Nation Lanka Finance and Singer Finance.

Notable gainers for the day were Dankotuwa Porcelain up by 4.9% to close at Rs. 19.40, Ceylon Hospitals up by 4.5% to close at Rs. 90.00 and Madulsima Plantations up by 4.4% to close at Rs. 21.20. Notable losers for the day were Hotel Sigiriya down by 6.1% to close at RS. 77.00, Orient Garments down by 5.0% to close at Rs. 17.00 and CIC Holdings non-voting down by 4.8% to close at Rs. 60.00.

Cash map for today was 50.37%. Foreign participation was 35.8% of total market turnover and foreigners were net sellers of Rs. 10.1Mn.
http://www.nation.lk/edition/biz-news/item/11332-bourse-slide-continues.

Redbulls

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October 11, 2012 (LBO) – Sri Lanka stocks continued a losing streak and closed down 0.89 percent Thursday with sharp drops seen in several counters earlier in the day, brokers said.

The Colombo All Share Index closed at 5,720.86 down 51.66 points and the S & P SL 20 Index closed 34.82 points lower at 3,092.80 down 1.11 percent.

Turnover was 679 million rupees. Top contributors to turnover were Aitken Spence with 138 million rupees, JKH with 136 million rupees Durdans with 57 million rupees.

Aitken Spence PLC slipped 0.90 cents to close at 132.00 rupees down 0.68 percent.

Commercial Bank slipped 0.70 cents to close at 111.10 rupees down 0.63 percent. DFCC Bank gained 0.30 centsto close at 115.50 rupees up 0.26 percent. Hatton National Bank closed at 112.00 rupees down 0.88 percent.

Dialog Axiata PLC slipped 0.30 cents to close at 8.50 rupees down 3.41 percent.

Index heavy John Keells Holdings PLC slipped 5.30 rupees to close at 203.50 rupees down 2.54 percent.
http://lbo.lk/fullstory.php?nid=1053627811

sriranga · 3 Bourse continues to tumble Thu Oct 11, 2012 11:40 pm

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Turnover up but indices losing ground

The Colombo bourse yesterday took a sharper tumble than on Wednesday although turnover at Rs.679.2 million was up from the previous day’s Rs.398.1 million with brokers saying that retail participation had been slow.

The All Share Price Index lost 51.66 points (0.89%), the Milanka was down 75.78 points (1.43%) and S&P dipped 34.82 points (1.11%) with 133 decliners outpacing 85 gainers while 93 counters closed flat.

"The ASPI dipped sharply for a fourth consecutive day amid volatility with turnover being driven by trades on diversified, banks and finance counters," John Keells Stockbrokers said.

The day saw a net foreign outflow of Rs. 10.09 million as foreigners sold Rs. 248.14 million.

There was one block trade yesterday with slightly over a million Aitken Spence traded at Rs.132 in a deal worth Rs.132.1 million.

Brokers noted that the All Share Price Index had fallen from levels of 6,000 points to 5,600 this month.

Interest in JKH persisted although the share price kept falling with the counter closing Rs.4.80 down at Rs.204 on nearly 0.7 million shares done between Rs.203 and Rs.210 generating the day’s top turnover of Rs.136.1 million.

Brokers said that the fall in the JKH price was impacting significantly on the indices.

Ceylon Hospitals (Durdans) saw quantity gaining Rs.3.90 to close at Rs.90 on over 0.6 million shares done between Rs.86 and Rs.90 contributing Rs.57.8 million to turnover while Commercial Bank (voting) finished third on the turnover league closing 80 cents down at Rs.111 on over 0.2 million shares done between Rs.111 and Rs.114 contributing Rs.24.5 million to turnover.

Gainers among the most traded stocks yesterday included Lion Brewery up Rs.3.60 to Rs.245 on 94,405 shares, Royal Ceramics up 30 cents to Rs.105 on over 0.1 million shares and Richard Pieris (voting) up 10 cents to Rs.8.70 on over 2.3 million shares.

NDB lost 90 cents to close at Rs.139.60 on over 0.1 million shares done between Rs.139.50 and Rs.141.70.

Union Assurance announced a one for seven rights issue at Rs.70 a share to infuse Rs.750 million equity capital into the company to meet capital requirement stipulations of the Insurance Board. The issue is subject to CSE and shareholder approval.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=63523