Trading quiet, ASPI down

Redbulls

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WRITTEN BY THARANGA SENARATNE

Apr 09, 2013 (LBT) - Indices record marginal dips: Bourse witnessed slowing activity and turnover level with the extending New Year holiday sentiments. BFI sector and diversified players defined the market story having added 68% to the day’s turnover. The benchmark index which gained 16 points at its intra-day high did not sustain its momentum with selling pressure in selected counters. One share dipped for every one that gained with large caps; Sri Lanka Telecom (-1.4%), Distilleries (-2.1%) and Ceylon Tobacco Company (-0.6%) weighting heavily on the indices leading to a marginal loss at its close. Consequently the S&P SL20 index dipped marginally at its close of 3,316.75 points.

JKH tops turnover with the sole crossing of the day: John Keells Holdings led the diversified sector to be a main contributor for the day with an off-board block of 101k shares which was crossed off at LKR247.0. Following the crossing was an on-board block of 100k shares which was transacted at a similar price before closing at LKR247.3 (+0.1%). Diversified player; Carsons Cumberbatch too witnessed some interest as it edged up to the top turnover slot, closing flat at LKR450.0. BFI sector extended its dominancy adding 34% to turnover: Hatton National Bank spearheaded the sector with on-board activity depicting a block of 189k shares which was transacted at LKR163.0. The counter which traded between LKR162.0 and LKR163.5 closed with a marginal gain at LKR163.4. Its Non-Voting share attracted the investor eye during early trading having touched LKR127.5 (+1.2%) at its peak on thin volume. Union Bank extended its stride in the top turnover slot depicting some retail interest while Pan Asia Bank saw some interest with an intra-day gain of 2.9% at LKR21.0. Retail activity slowed ahead of New Year holidays: Amidst the slowdown in retail activity, some interest surrounded Union Bank (-7.5%), Vallibel One (0.0%), SMB Leasing (0.0%) and Colombo Land & Development (+4.6%).
http://lbt.lk/stock-market/movement/4119-bfi-a-diversified-sectors-add-68to-turnover-amidst-dip-in-indices

sriranga

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COLOMBO, April 9 (Reuters) - The Sri Lankan rupee edged up to its strongest close in a year on Tuesday on dollar inflows from inward remittances and exporter conversions ahead of the traditional new year, dealers said.

The rupee edged up to 125.45/50 to the dollar, its highest close since April 9, 2012, from Monday's close of 125.50/55.

'Inflows from inward remittances and exporter conversions continue because of the upcoming new year festival,' said a currency dealer on condition of anonymity.

Most Sri Lankans will celebrate the traditional new year on April 13 and April 14.

The currency has risen 1.6 percent this year after falling 10.7 percent in 2012.

The main stock index ended down 0.17 percent, or 9.78 points, at 5,767.60, retreating from a 7-week closing high hit in the previous session.

Analysts said the market could see a rise this week after Treasury Secretary P.B. Jayasundera on Tuesday said Sri Lanka's interest rates should fall in May-June as the borrowing needs of loss-making state energy firms recede.

Turnover was at a near two-week low of 399 million rupees, less than half of this year's daily average of 1 billion rupees as many investors were on holiday ahead of the traditional new year.

Foreign investors were net buyers of 112.2 million rupees worth of shares, extending the year-to-date net foreign inflow to 5.96 billion rupees ($47.45 million). Last year, the bourse saw a net inflow of $303 million.

($1 = 125.6000 Sri Lanka rupees)

(Reporting by Shihar Aneez; Editing by Sunil Nair)

(shihar.aneez@thomsonreuters.com)

(+94-11-232-5540)(Reuters Messaging: shihar.aneez.thomsonreuters.com@reuters.net)
http://www.xe.com/news/2013/04/09/3296021.htm?c=1&t=

CSE.SAS · 3 Trading quiet, ASPI down Tue Apr 09, 2013 11:19 pm

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Trading was quiet on the Colombo bourse yesterday with a turnover of Rs.399.3 million posted, up from the previous day’s Rs.398 million, with the All Share Price Index down 9.78 points (O.17%) with 100 gainers ahead of 87 losers while 55 counters closed flat.

The S&P-SL20 closed at 3,316.75, down 5.06 points, 0.15 percent lower.

Foreign purchases amounted to Rs. 160.07 million, leading to a net inflow of Rs. 112.25 million.

JKH was the most traded stock with over 0.2 million shares traded generating a turnover of Rs.54.2 million. There was one crossing in this counter of slightly over 0.1 million shares at a price of Rs.247.

"The ASPI ended lower amid mediocre activity levels led by trades on JKH which accounted for around 20% of market turnover, John Keells Stockbrokers said.

HNB followed with 0.2 million shares traded closing 40 cents up at Rs.163.40 contributing Rs.32.7 million to turnover while Carsons closed flat at Rs.450 on 72,404 shares contributing Rs.32.2 million to the day’s business volumes.

Union Bank which had seen quantity in recent trading lost Rs.1.80 to close at Rs.20.80 on over 1.1 million shares generating a turnover of Rs.24.3 million while Colombo Land was up Rs.1.40 to close at Rs.36.20 on 0.5 million shares contributing Rs.18.6 million to turnover.

The most traded stocks included Vallibel One closing flat at Rs.17.50 on slightly over a million shares, Convenience Foods up Rs.22.60 to close at Rs.220 on 64,146 shares and NDB up 90 cents to close at Rs.163.90 on 73,428 shares.

There were market rumours of a pending change in the ownership structure of Union Bank with speculation of any such deal taking place following expected amendments to the Banking Act raising the present floor limiting individual ownership of banking shares.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=76605