Bourse up 0.19%

sriranga

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COLOMBO, April 23 (Reuters) - Sri Lankan shares edged up on Tuesday in thin volume trade, ending two sessions of losses, on foreign buying in select shares, while the rupee closed at its lowest level in a month on dollar demand from importers.

The main stock index rose 0.17 percent, or 9.82 points, to 5,872.43.

Foreign investors bought mainly Lion Brewery Ceylon PLC which ended 5.7 percent firmer.

Foreign investors were net buyers for the 16th straight session with 224.1 million rupees worth of shares, extending the year-to-date net foreign inflow to 8.42 billion rupees ($66.56 million). Last year, the bourse saw a net inflow of $303 million.

The turnover was at 708.5 million rupees, less than this year's daily average of 964 million rupees.

The market had hit a six-month high on Thursday on hopes of an expected fall in interest rates, after Treasury Secretary P.B. Jayasundera and the central bank said official interest rates could ease in May and June.

The rupee fell for a sixth straight session to 126.78/85 per dollar, its lowest close since March 22, due to demand from importers for the greenback, currency dealers said. The currency had ended at 126.65/85 on Monday.

($1 = 126.5000 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)

(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/2013/04/23/3318241.htm?c=1&t=

Redbulls

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WRITTEN BY THARANGA SENARATNE

Apr 23, 2013 (LBT) - Indices gain amidst primary focus on BFI & F&B sectors: Bourse traded in the green during trading backed by buying interest primarily surrounding BFI and F&B sectors which collectively added 53% to the day’s turnover. The benchmark index took an upward trend securing a 11 point gain to end at 5,883.52 points stemming from gains denoted in Asiri Hospital Holdings (+12.8%), Aitken Spence (+3.3%), Lion Brewery (+5.7%) and Finlays Colombo (+10.7%).

Lion Brewery topped turnover with renewed interest: Lion Brewery spearheaded the day’s turnover backed by strong buying interest carrying the counter to a new 52-week high at LKR360.0 (+7.5%). A block of c.42k shares were picked on-board at its peak followed by 466k shares which were crossed off at a similar price. Asiri Hospital Holdings registered an off-board block of 3 mn shares at LKR14.0. The counter touched a new 52-week high at LKR14.1 supported by several large on-board transactions.

Commercial Bank & National Development Bank highlighted banking sector: Both Commercial Bank and National Development Bank were noted in the top turnover slot with intra-day gains of 0.4% and 0.7% respectively. The former saw c.174k shares being picked on-board at its intra-day high of LKR113.5 while the latter traded between LKR170.4 and LKR168.5. Diversified players; John Keells Holdings (+0.04%) and Aitken Spence (+3.3%) attracted focus with strong buying interest. Improved retail activity: Retail favourites; HVA Foods, Kalpitiya Beach Resorts, Citrus Leisure [Warrant: 0019] and Panasian Power denoted majority of interest during trading.
http://lbt.lk/stock-market/movement/4229-indices-denote-gains-bfi-a-fab-sectors-lead-the-turnover

CSE.SAS · 3 Bourse up 0.19% Wed Apr 24, 2013 2:53 am

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The Colombo bourse closed in positive territory on Tuesday (23) with the All Share Price Index gaining 0.19 percent to close 11.09 points higher at 5,883.52 while the S&P SL20 gained 6.47 points to close 0.19 percent higher at 3,344.85.

Turnover amounted to Rs. 708.54 million with foreign purchases amounting to Rs. 255.56 million leading to a net inflow of 224.14 million.

"The ASPI edged higher amid gains in selected mid-cap counters. Trades on LION and ASIR accounted for around 35% of market turnover, inclusive of block trades," John Keells Stockbrokers said.

"Turnover recorded Rs. 708 million with trading in Lion Brewery, Asiri Hospital and National Development Bank changing hands that accounted for 43% of the day’s total. Gainers matched losers with Ceylon Leather (W0013), Ceylon Leather (W0014), Asiri Hospital rising by 20.0%, 14.6% and 12.8% offsetting declines in Selinsing, Talawakelle Tea Estates and Arpico Finance which fell by 18.9%, 12.1% and 10.6% respectively," DNH Financial said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=77479