Bluechips keeps the indices in the green

sriranga

sriranga

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COLOMBO, March 15 (Reuters) - Sri Lankan stocks rose for a second straight day on Friday thanks to continued foreign buying in market heavyweight John Keells Holdings which hit a 29-month high while local investors bought banking shares.

The main share index ended 0.27 percent higher at 5,704.53.

John Keells Holdings gained 0.59 percent to 240.00 rupees.

Shares in National Development Bank rose 1.20 percent to 159.90 rupees while biggest listed lender Commercial Bank of Ceylon rose 1.45 percent to 112.00 rupees.

Foreign investors were net buyers of 335.5 million rupees ($2.66 million) worth of shares, extending year-to-date foreign inflows to 3.76 billion rupees.

Turnover was 729.9 million rupees, well below this year's daily average of 1.04 billion rupees.

The rupee ended firmer at 126.10/20 to the dollar from Thursday's close of 126.25/35, due to exporter dollar conversions, dealers said. ($1 = 126.25 rupees)

(Reporting by Ranga Sirilal)

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

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/03/15/3257005.htm

Redbulls · 2 Bluechips keeps the indices in the green Fri Mar 15, 2013 7:06 pm

Redbulls

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WRITTEN BY THARANGA SENARATNE

Mar 15, 2013 (LBT) - Indices uptrend; S&P SL20 outperforms ASPI: The benchmark index after a stagnant first hour saw a gradual uptrend to gain 15 points during the day strongly supported large cap counters led by Commercial Bank (+1.5%), John Keells Holdings (0.6%) and Cargills (+3.3%) while the losses in Indo Malay (-7.0%), Asian Hotels and Properties (-1.4%) and Trans Asia (-2.3%) weighted heavily on the index. With the large cap counters leading the turnover and the gains helped the S&P SL20 to outperform the ASPI to reach a gain of 22 points.

JKH lead turnover and crossings board: John Keells Holdings generated strong investor interest with the counter continuing to renew its 52-week with the price reaching a peak of LKR240.0 today. The counter recorded 3 crossings during the accounting for 440k shares at LKR239.6 and LKR240.0. Supporting its bullish sentiment the counter closed day at its peak price of LKR240.0 recording a gain of 0.6%.

Interest in Banks remain strong: Crossings were also recorded in National Development Bank and Sampath Bank as the former too registered a 52-week high price of LKR160.5 while closing at LKR159.9 (+1.2%) while the latter generated some selling pressure leading to a dip of 0.1% at LKR233.7. Further interest in banks was witnessed in Commercial Bank [Voting], [Non-Voting] and Hatton National Bank.

Heavy selling in retail favourite PCH: PC House announced a rights issue late yesterday to fund its working capital requirement. The announcement resulted heavy selling in the counter amidst high level of activity. The counter dipped to a 52-week low of LKR2.9 before recovering to close at LKR3.1 recording a dip of 22.5%.
http://lbt.lk/stock-market/movement/3912-bluechips-keeps-the-indices-in-the-green