Retailers back at Bourse, ASI crosses 5,700 points level

Redbulls

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Jan 03, 2013 (LBO) - Sri Lanka's government bond yields plunged over 100 basis points over two days with active trading in four and five year maturities, and stocks closed up, dealers and brokers said.

A 5-year bond maturing on 15 August 18 opened at 11.20/25 percent levels, moved to 11.35/45 then buying dropped 10.60/65 percent levels, on top of a drop from 11.80 percent to 11.25/30 percent levels Wednesday.

A 4 -year bond maturing on 15 July 2017 opened around 11.20/25 moved to 11.30/35 percent levels and closed at around 10.75/85 percent levels, dealers said. The maturity fell from 15 July 2017 to 11.25/20 levels Wednesday.

The bonds are plunging ahead of a 90 billion rupee bonds and coupons maturing on January 15, dealers said.

The public debt office had announced an auction of 5, 8 and 15-year bonds after a long pause.

Sri Lanka's gilt yields started to fall in September 2012 but picked up again as pressure built up on the exchange rate again coinciding with several term auctions of cash into money markets.

The spot US dollar closed around 127.50/55 rupees, dealers said.

Stocks closed up 0.8 percent with the benchmark Colombo All Share Price Index ending the day at 5,730.45 up 46.6 points and the S&P SL 20 Index up 0.4 percent at 3,104.25.
http://lbo.lk/fullstory.php?nid=881934910

sriranga

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COLOMBO, Jan 3 (Reuters) - Sri Lankan stocks rose on Thursday for a sixth straight session to end at a 12-week high as a fall in fixed income yields encouraged investors to turn to risky assets, stock brokers said.

The main share index closed 0.82 percent, or 46.66 points firmer, at 5,730.45, its highest close since Oct. 12, Reuters data showed.

A six-session gaining streak has pushed the market to an over-bought region with the 14-day relative strength index shooting up to 76.974 on Thursday, well above the upper neutral range of 70.

Analysts said the positive sentiment was due to easing interest rates with treasury bill yields on Wednesday falling to nine-month lows at a weekly auction, in line with a surprise cut in interest rates last month.

The day's turnover was 518 million rupees ($4.07 million). Foreign investors were net sellers of 105.43 million rupees worth of shares after being net buyers of a record 38.63 billion rupees worth shares last year.

The rupee closed slightly weaker at 127.50/55 to the dollar compared with Wednesday's close of 127.40/45, on mild importer demand, dealers said. ($1 = 127.3500 rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Robert Birsel)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)
http://www.xe.com/news/2013/01/03/3144425.htm

Fresher

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are you by any chance the author? Smile

Redbulls

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npp wrote:are you by any chance the author?

If you are asking me, answer is No. Surprised

mark

mark

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Redbulls wrote:

npp wrote:are you by any chance the author?

If you are asking me, answer is No.

ayyo..read between lines Smile

"(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Robert Birsel)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)"

@npp-did we got him Laughing

Redbulls

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The Colombo stock market continued with its positivism in the New Year, as indices gained with the welcome return of retailers.

“The market extended its stride in the green, with positive sentiments stemming from the revival in retail activity,” Softlogic Stockbrokers said.

The ASPI crossed the 5,700 mark while its positive sprint led the index to a peak at 5,738.84 points (+55 points), before settling at 5,730.45 (+46 points), the highest since 12 October 2012. Turnover amounted to Rs. 518 million, whilst foreigners were net sellers to the tune of Rs. 105 million.

Two counters gained for every one that dipped, denoting major contributions from Ceylon Tobacco Company (+1.0%), People’s Leasing and Finance (+6.1%), and NDB Capital Holdings (+5.6%).

The S&P SL20 index secured a 13 point gain at 3,104.25 points, the highest since 10 October 2012.

Banking sector player Hatton National Bank emerged to spearhead the day’s turnover list during mid-day trading on the back of a single block of around 117,000 shares, which was handled in the market at Rs. 147.

Following the on-board block were three crossings amounting to 644,000 shares, which were transacted at a similar price.

Interest in heavyweight John Keells Holdings led the counter to touch a peak of Rs. 220 at which it encountered two off-board blocks, totaling 200,000 shares during the final trading hour.

Interest in People’s Leasing and Finance and its subsidiary, People’s Finance, heaved up as each advanced a solid 7.6% and 5.0% at their intra-day high levels, while the latter touched a new 52-week high at Rs. 37.1, supported by strong buying interest.

The retail hunt surfaced as Nation Lanka Finance (-1.8%) secured its stance in the top turnover slot while some selling pressure was witnessed in Asia Asset Finance (+0.0%) and Central Investment and Finance Company (-2.0%) following yesterday’s rally.

Swarnamahal Financial Services witnessed several mid-sized parcels accumulating to around 545k shares being taken in the market as it closed the day with a 12.2% gain at Rs. 3.7. Further, penny stocks Sierra Cables and Free Lanka Capital Holdings too gathered some retail participation.

Colombo Dockyard witnessed renewed buying interest, having recorded a few trades at its peak of Rs. 230 (+4.5%). Interest emerged in S&P calibre counters, Asian Hotels and Properties and Aitken Spence Hotel Holdings, with both depicting some focus during early trading, denoting gains of 1.7% and 2.7% at their respective peaks of Rs. 76.4 and Rs. 75.0.

Gains in Ceylon Tobacco Company extended on thin volumes, leading the counter to renew its 52-week high at Rs. 849.5 (+2.1%) while The Lion Brewery of Ceylon touched a 52-week peak at Rs. 296 (+3.8%).
http://www.ft.lk/2013/01/04/retailers-back-at-bourse-asi-crosses-5700-points-level/

D.G.Dayaratne

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One reason for retailers cumming back is They think govt will be very week
very soon.

If you analyze stock market statistics after 1994 you can see this trend

I do not say this is the only reason

bullrun

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Disregard the reason for their return, but all are welcome on board. The flight is about to take off!!!!! Reserve your seat at bargain price before the take off.
Happy new year, happy trading !!!!!!!!!!!!!

sahan8896

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bullrun wrote:Disregard the reason for their return, but all are welcome on board. The flight is about to take off!!!!! Reserve your seat at bargain price before the take off.
Happy new year, happy trading !!!!!!!!!!!!!

Yes,happy weekend.eargaly waiting till 9.30 monday. cheers

Amaratunga

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The Colombo stock market continued with its positivism in the New Year, as indices gained with the welcome return of retailers.
“The market extended its stride in the green, with positive sentiments stemming from the revival in retail activity,” Softlogic Stockbrokers said.

The ASPI crossed the 5,700 mark while its positive sprint led the index to a peak at 5,738.84 points (+55 points), before settling at 5,730.45 (+46 points), the highest since 12 October 2012. Turnover amounted to Rs. 518 million, whilst foreigners were net sellers to the tune of Rs. 105 million.
Two counters gained for every one that dipped, denoting major contributions from Ceylon Tobacco Company (+1.0%), People’s Leasing and Finance (+6.1%), and NDB Capital Holdings (+5.6%).
The S&P SL20 index secured a 13 point gain at 3,104.25 points, the highest since 10 October 2012.
Banking sector player Hatton National Bank emerged to spearhead the day’s turnover list during mid-day trading on the back of a single block of around 117,000 shares, which was handled in the market at Rs. 147. Following the on-board block were three crossings amounting to 644,000 shares, which were transacted at a similar price.
Interest in heavyweight John Keells Holdings led the counter to touch a peak of Rs. 220 at which it encountered two off-board blocks, totaling 200,000 shares during the final trading hour.

Interest in People’s Leasing and Finance and its subsidiary, People’s Finance, heaved up as each advanced a solid 7.6% and 5.0% at their intra-day high levels, while the latter touched a new 52-week high at Rs. 37.1, supported by strong buying interest.
The retail hunt surfaced as Nation Lanka Finance (-1.8%) secured its stance in the top turnover slot while some selling pressure was witnessed in Asia Asset Finance (+0.0%) and Central Investment and Finance Company (-2.0%) following yesterday’s rally.
Swarnamahal Financial Services witnessed several mid-sized parcels accumulating to around 545k shares being taken in the market as it closed the day with a 12.2% gain at Rs. 3.7. Further, penny stocks Sierra Cables and Free Lanka Capital Holdings too gathered some retail participation.
Colombo Dockyard witnessed renewed buying interest, having recorded a few trades at its peak of Rs. 230 (+4.5%). Interest emerged in S&P calibre counters, Asian Hotels and Properties and Aitken Spence Hotel Holdings, with both depicting some focus during early trading, denoting gains of 1.7% and 2.7% at their respective peaks of Rs. 76.4 and Rs. 75.0.
Gains in Ceylon Tobacco Company extended on thin volumes, leading the counter to renew its 52-week high at Rs. 849.5 (+2.1%) while The Lion Brewery of Ceylon touched a 52-week peak at Rs. 296 (+3.8%).

News by FT.lk

sahan8896

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friday foreigners were net buyers of 400m.This is old news.

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Retailers back at Bourse, ASI crosses 5,700 points level

1 Trading Thursday - Sri Lanka gilt yields plunge for second straight day, stocks up Thu Jan 03, 2013 6:03 pm

Redbulls

2 Sri Lankan stocks extend gain for 6th session on lower rates Thu Jan 03, 2013 7:50 pm

sriranga

3 Re: Retailers back at Bourse, ASI crosses 5,700 points level Thu Jan 03, 2013 8:30 pm

Fresher

4 Re: Retailers back at Bourse, ASI crosses 5,700 points level Thu Jan 03, 2013 9:22 pm

Redbulls

5 Re: Retailers back at Bourse, ASI crosses 5,700 points level Thu Jan 03, 2013 10:09 pm

mark

6 Retailers back at Bourse, ASI crosses 5,700 points level Fri Jan 04, 2013 3:35 am

Redbulls

7 Re: Retailers back at Bourse, ASI crosses 5,700 points level Fri Jan 04, 2013 1:11 pm

D.G.Dayaratne

8 Re: Retailers back at Bourse, ASI crosses 5,700 points level Fri Jan 04, 2013 4:08 pm

bullrun

9 Re: Retailers back at Bourse, ASI crosses 5,700 points level Fri Jan 04, 2013 4:31 pm

sahan8896

10 Retailers back at Bourse, ASI crosses 5,700 points level Sun Jan 06, 2013 11:19 am

Amaratunga

11 Re: Retailers back at Bourse, ASI crosses 5,700 points level Sun Jan 06, 2013 11:23 am

sahan8896

12 Re: Retailers back at Bourse, ASI crosses 5,700 points level

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