Bourse drops slightly

Redbulls · 1 Bourse drops slightly Tue Oct 16, 2012 6:24 pm

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By The Nation

Market started on a positive note as the drastic drop seen yesterday had triggered fresh buying. However, selling pressure kicked-in and blue-chip counters kept losing ground. National Development bank dropped below the Rs. 130 price level but bargain hunting helped to erase most of the drop. Colonial Motors announced a rights issue but its share price dropped whilst Coco Lanka also dipped. The continuous drop in prices is bringing back attractive valuations to counters.

ASI lost 48.67 points (0.86%) to close at 5608.13, MPI dipped 66.24points (1.28%) to close at 5094.10 and the S&P lost 18.92 points (0.62%) to close at 3036.94. Turnover was Rs. 515.4Mn.

Top contributors to turnover were Asiri Hospital Holdings with Rs. 56.8Mn, Colombo Dockyard with Rs. 46.2Mn and Ceylon Tobacco with Rs. 46.0Mn. Most active counters for the day were Nation Lanka Finance, Vallibel One and Free Lanka Capital Holdings.

Notable gainers for the day were Amana Takaful up by 6.3% to close at Rs. 1.70, Blue Diamonds non-voting up by 5.3% to close at Rs. 2.00 and Asiri Hospital Holdings up by 3.6% to close at Rs. 11.40. Notable losers for the day were Colonial Motors down by 16.1% to close at Rs. 183.00, SMB Leasing non-voting down by 9.1% to close at Rs. 1.00 and Dankotuwa Porcelain down by 8.7% to close at Rs. 16.70.

Cash map for today was 44.47% which highlights the prevalent selling pressure. Foreign participation was 28.30% of total market turnover and net foreign buying stood at Rs. 45.99Mn.
http://www.nation.lk/edition/biz-news/item/11526-bourse-drops-slightly.html

Redbulls

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October 16, 2012 (LBO) – Sri Lanka stocks closed down 0.81 percent Tuesday with several blue chips losing ground.

The Colombo All Share Index closed at 5,608.13 down 45.67 points and the S & P SL 20 Index closed 18.92 points lower at 3,036.94 down 0.62 percent.

Turnover was 515 million rupees. Top contributors to turnover were Asiri Hospital Holdings with 56.8 million rupees, Colombo Dockyard with 46.2million rupees and Ceylon Tobacco with 46.0million rupees. Most active counters for the day were Nation Lanka Finance, Vallibel One and Free Lanka Capital Holdings.

AVIVA NDB Insurance PLC slipped 10.80 rupees to close at 359.20 down 2.92 percent.

Commercial Bank slipped 0.90 cents to close at 106.00 rupees down 0.84 percent. DFCC Bank slipped 1.20 rupees to close at 110.00 rupees down 1.08 percent. Hatton National Bank lost 0.20 cents to close at 155.40 rupees down 0.13 percent.

Dialog Axiata PLC closed flat at 8.40 rupees.

Index heavy John Keells Holdings PLC slipped 0.60 cents to close at 204.40 rupees down 0.29 percent.
http://lbo.lk/fullstory.php?nid=1220073621

sriranga · 3 Colombo bourse tumbles Wed Oct 17, 2012 12:32 am

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The Colombo bourse continued to tumble with all three indices closing in the red on Tuesday (16) on sustained selling pressure with 57 counters advancing against 166 that declined.

After picking up sharply when early trading took the bourse to an intra day high of 5,691.52, the All Share Price Index closed at 5,608.13, down 0.81 percent or 45.67 points from the previous close.

The Milanka Price Index of more liquid stocks fell 66.24 points, down 1.28 percent to close at 5,094.10 while the S&P SL20 closed 0.62 percent lower, down 18.92 points to 3,036.94.

"Sustained selling pressure dragged the ASPI down sharply for a second consecutive day amid low turnover levels, driven by trades on banking and beverage, food and tobacco counters," John Keells Stockbrokers said.

Turnover fell to Rs. 515.38 million from Rs. 1.57 billion the previous day on a little more than 30 million shares changing hands during the day.

A parcel of 112,000 Colombo Dockyard shares changed hands in an off market deal at Rs. 220 each while a crossing of 65,000 Ceylon Tobacco shares took place at Rs. 6 per share.

Foreign inflows amounted to Rs. 168.86 million yesterday while outflows amounted to Rs. 122.87 million.

"The market continued to shed weight with the ASPI falling by 0.8% to close at 5608 while the MPI lost 1.3% to end the session at 5094. Turnover declined to LKR515mn with parcels of Asiri Hospital Holdings and Colombo Dockyard changing hands that accounted for 20% of the day’s total. Losers once again out paced gainers with Infrastructure Developers, Colonial Motors and Commercial Development falling by 18.2%, 16.1% and 13.9% off setting advances in SMB Leasing, EB Creasy and Selinsing which rose by 25.0%, 14.2% and 13.7% respectively," DNH Financial said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=63928