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The Bourse Weekly Performance

4 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

Market started on a negative note on Tuesday as negative developments in the macro-economic front and motions against Sri Lanka at the UNHCR factored in during trading. Most blue-chips lost ground as retail selling also picked up. Private deals on blue-chips helped buoy turnover levels. The market is developing into a buyers’ market whereby opportunities for bargain hunting will arise. ASI lost 66.13 points (1.15%) to close at 5,669.48 and the S&P SL20 index lost 27.86 points (0.86%) to close at 3,195.42. Turnover was Rs. 714.0Mn.

Indices rebounded from Tuesday’s steep drop helped by gains on banking and financials. CTC dropped during trading, as investors feel the counter may be overvalued at these current prices. However, market continued to offer plenty of opportunities for bargain hunters whilst retailers continue to be muted. Yields on treasury bills remained at previous levels for the second week running which should indicate that rates should hold steady at the rates. ASI gained 4.99 points (0.09%) to close at 5,674.47 and the S&P SL20 index gained 8.61 points (0.27%) to close at 3,210.82. Turnover was Rs. 623.1Mn.

Losses on Ceylon Tobacco Company and John Keells Holdings saw indices driven lower on Thursday. Leisure conglomerate Aitken Spence saw almost 6.5m shares trade on the normal board contributing more than 50% of today’s turnover. Earlier Commercial Bank and Sampath Bank had reported exceptional 4th quarter results. ASI lost 38.57 points (0.68%) to close at 5,635.90 and the S&P SL20 index lost 16.43 points (0.51%) to close at 3,194.39. Turnover was Rs. 1,430.6Mn

Indices closed higher on Friday helped mainly by gains on Ceylon Tobacco Company which rebounded from Thursday’s drastic price drop. Hatton National Bank drove turnover levels higher with institutional activity. S&P confirmed Sri Lanka’s B+ rating but warned of “bloated state sector and lack of transparency and independence”. ASI gained 16.79 points (0.30%) to close at 5,652.69 and the S&P SL20 index gained 12.46 points (0.39%) to close at 3,206.85. turnover was Rs. 673.9Mn. Top contributors to turnover were Hatton National Bank with Rs. 361.5Mn, Sampath Bank with Rs. 55.0Mn and Chevron Lubricants with Rs. 39.6Mn. Most active counters for the day were Central Investments & Finance, Touchwood Investments and Hatton National Bank.

Notable gainers for the day were SMB Leasing non-voting up by 33.3% to close at Rs. 0.40, Swarnamahal Financial Services up by 12.5% to close at Rs. 3.60 and Maskeliya Plantations up by 9.8% to close at Rs. 13.40. Notable losers for the day were DIMO down by 6.5% to close at Rs. 510.00, Hayleys MGT down by 5.0% to close at Rs. 9.50 and PC House down by 2.4% to close at Rs. 4.00.

Cash map for today was 45.69%. Foreign participation was 36.42% of total market turnover whilst net foreign buying was Rs. 324.35Mn.

http://sharemarket-srilanka.blogspot.co.uk/

2The Bourse Weekly Performance Empty Re: The Bourse Weekly Performance Sat Mar 02, 2013 1:32 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Next week people will understand UNCHR resolution is not a serious thing as most people thought

Even a resolution is passed they will give some guide lines target
to aciive before 2014

People know human right situation in America and India

When people realized these thing effect on the market will be minimised



Last edited by D.G.Dayaratne on Sat Mar 02, 2013 1:36 pm; edited 1 time in total (Reason for editing : correction)

3The Bourse Weekly Performance Empty Re: The Bourse Weekly Performance Sat Mar 02, 2013 1:48 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Aha, someone has some insight :-)


D.G.Dayaratne wrote:Next week people will understand UNCHR resolution is not a serious thing as most people thought

Even a resolution is passed they will give some guide lines target
to aciive before 2014

People know human right situation in America and India

When people realized these thing effect on the market will be minimised

4The Bourse Weekly Performance Empty The Bourse Weekly Performance Sun Mar 03, 2013 5:32 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The Bourse Weekly Performance Z_p-5210
http://www.sundayobserver.lk/2013/03/03/fin102.asp

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