Trade Summary Market - 06/05/2013

sriranga · 1 Trade Summary Market - 06/05/2013 Mon May 06, 2013 4:17 pm

sriranga

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Trade Summary Market - 06/05/2013 Aspi18

Trade Summary Market - 06/05/2013 Cse117

Trade Summary Market - 06/05/2013 Cse210

sriranga

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Trade Summary Market - 06/05/2013 Cross17

Trade Summary Market - 06/05/2013 Cont20

sriranga · 3 Following Stocks Reached New High / Low on 06/05/2013 Mon May 06, 2013 4:37 pm

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bullrun · 4 Re: Trade Summary Market - 06/05/2013 Mon May 06, 2013 4:56 pm

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It is nice to see a lot of new highs and net foreign buy!

worthiness · 5 Re: Trade Summary Market - 06/05/2013 Mon May 06, 2013 6:05 pm

worthiness

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This is a fast run unexpected. Foreigners are still in ahead. When both are on run what would be the index numbers. Market correction may occur at intervals which bring in more surprises. However it is a good sign to count the increased number of trades.

sriranga · 6 LSL Market Review – 6th May 2013 Mon May 06, 2013 6:08 pm

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Change in ownership of Lanka Ceramic was the highlight of the day. The counter gained a maximum 50%. The capital gain of the selling party, CT Holdings amounts to ~Rs. 2.0bn. Royal Ceramic was the buying party to the transaction (76.1% stake of the Lanka Ceramic). The market gained helped by blue chips. John Keells and Nestle led the heaviest gainers list. Retail activity was seen on a mix of blue chips and speculative counters.

ASI gained 107.99 points (1.80%) to close at 6,121.17 and the S&P SL20 index gained 55.13 points (1.62%) to close at 3,461.12. Turnover was Rs. 4.1Bn.

Top contributors to turnover were Lanka Ceramic with Rs. 3.2Bn, Royal Ceramics 65.2Mn and John Keells Holdings with Rs. 42.5Mn. Most active counters for the day were Vallibel One, nation Lanka Finance and Lanka Ceramics.

Notable gainers for the day were Lanka Ceramic up by 50.0% to close at Rs. 120.00, John Keells up by 13.3% to close at Rs. 80.00 and Ceylon cold Stores up by 13.3% to close at Rs. 168.00. Notable losers for the day were Environmental Resource Investments down by 6.7% to close at Rs. 2.80, Beruwala Resorts down by 4.2% to close at Rs. 2.30 and Lanka Orix Finance down by 2.9% to close at Rs. 3.40.

Further, Blue-chip stocks such as Nestle, John Keells, Dialog Axiata, Chevron Lubricants and National Development Bank reached 52week high prices today and supported mainly to the positive performances. All the stocks in S&P SL 20 Index saw price appreciations excluding Hatton National Bank, which drop only by Rs. 0.50.

Foreign participation was minimal compare to the last few days and it accounted for 3% of the total market turnover. At the end of the trading foreign investors were net buyers with net inflow of LKR 28.2mn. Cash map was 82.23% for the day.

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* Rupee falls by 10 cents

The Colombo bourse reached a 17 month high on Monday (06) with turnover exceeding Rs. 4 billion.

The rupee weakened by around 10 cents to a US dollar on Monday on importer demand.

"The rupee closed at Rs. 126.40/60 against the US dollar, down 10 cents from its opening position on subdued importer demand, volumes were thin," a currency dealer said.

Activity in the secondary market for Treasury bonds was subdued as well, dealers said.

The All Share Price Index closed 1.8 percent higher, gaining a sharp 107.99 points to end the day at 6,121.17. The index has gained 8.47 percent year-to-date.

The S&P SL20 closed at 3,461.12, up 55.13 points or 1.62 percent, for a year-to-date gain of 12.18 percent.

Turnover reached Rs. 4,153.62 million.

Foreign purchases amounted to Rs. 123.20 million, leading to net inflow of Rs. 28.22 million.

"The indices ended sharply higher on the back of sustained buying interest across the board, which pushed the ASPI to a 17 month high. Turnover crossed the Rs. 4bn mark supported mainly by the purchase of a controlling stake in Lanka Ceramics PLC by Royal Ceramics PLC," John Keells Stockbrokers said.

"Lanka Ceramics defined the market story: Lanka Ceramics spearheaded the day’s turnover contributing 78%, led by Royal Ceramics acquiring a controlling stake of 76.11% in the company. A block of 19.9 mn shares was transacted in the counter at a 52-week high price of LKR120.0 followed by a block of 1 mn shares which was crossed off at a similar price. Related Companies; Vallibel One and Lanka Walltiles too encountered renewed interest with each recording intra-day gains of 9.6% and 8.2% respectively," Softlogic Equity Research said.

"Gainers outpaced losers with Lanka Ceramic, Sinhaputhra Finance, John Keells PLC rising by 50.0%, 39.7% and 13.3% and offsetting declines in Selinsing, Beruwela Walk Inn and Environmental Resources Investments (W006) which fell by 19.1%, 13.3% and 6.7% respectively," DNH Financial said.

"With the 1Q2013 corporate results currently trickling in, we expect the majority of companies in our universe to record healthy top line growth on the back of robust macro-economic conditions and an uptrend in the domestic consumption cycle. Emerging market (EM) asset managers may therefore benefit from an allocation to Sri Lanka given the likelihood of a boost to their portfolio’s both from an absolute and risk adjusted returns point of view, given the prospect of firm double digit returns for Sri Lankan stocks, however on a selective basis," it said.
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