Bourse back in the green after two-day breather

Redbulls · 1 Sri Lankan stocks recover on banks, retail buying Wed May 29, 2013 4:37 pm

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Sri Lanka stocks close up 0.3 pct
May 29, 2013 (LBO) - Sri Lanka's stock closed up 0.33 percent on Wednesday ending two days of losses helped by renewed interest banks and beverage shares, brokers said.

The benchmark Colombo All Share Index closed 21.11 points higher at 6,455.81 and the S&P SL 20 Index closed up 17.68 points at 3,644.64 up 0.49 percent.

Turnover was 906 million rupees up from 557 million day earlier.

Foreigners brought 239 million rupees worth shares while selling 136 million rupees of shares, in a day that 118 stocks advanced and 86 stocks declined.

Commercial Bank of Ceylon contributed most to the index gain closing at 122.50 rupees up 1.10 rupees. Ceylon Beverage Holdings closed at 599.00 rupees up 54.00 rupees and Sri Lanka Telecom closed at 43.40 rupees up 40 cents.

Hatton National Bank closed at 167.50 rupees up 1.50 rupees, DFCC Bank closed flat at 144.00 rupees and National Development Bank closed at 178.90 rupees up 4.50 rupees.

Pan Asia closed flat at 21.00 rupees. Union Bank of Colombo closed at 19.00 rupees down 40 cents and Sampath Bank gained 3.10 rupees to close at 224.90 rupees.

LB Finance closed at 130.00 rupees up 60 cents, Peoples Leasing and Finance closed at 15.10 rupees up 20 cents and Commercial Leasing & Finance lost 10 cents to close at 4.40 rupees.

The Lion Brewery gained 1.90 rupee to close at 420.10 rupees, Distilleries Company of Sri Lanka closed at 200.10 rupees up 10 cents and Ceylon Tobacco Company gained 2.90 rupees to close at 975.00 rupees.

Chevron Lubricant Lanka gained 6.60 rupees to close at 322.00 rupees as investors chased the foreign managed stock after driving up Nestle and Ceylon Tobacco to historic highs.

Index John Keells Holdings lost 70 cents to close at 288.70 rupees and Nestle Lanka closed at 2009.00 rupees down 7.60 rupees.

Aitken Spence closed at 135.20 down 1.30 rupees. Browns Investments closed flat at 3.40 rupees.

Softlogic Holding closed at 11.80 rupees up 20cents and Vallibel One closed at 20.00 rupees up 20 cents. Dialog Axiata closed flat at 9.40 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-up-0.3-pct/118220066

sriranga · 2 Sri Lankan stocks recover on banks, retail buying Wed May 29, 2013 5:28 pm

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COLOMBO, May 29 (Reuters) - Sri Lankan shares recovered from the previous session's near one-week low on Wednesday helped by
banking shares and retail investor buying, while the rupee ended steady in dull trade.

The main stock index rose 0.33 percent, or 21.11 points, to close at 6,455.81, edging up from its lowest since May 17, touched on Tuesday.

The index had hit a 19-month high last Thursday.

"At the bottom end, we saw some retail buying came in and the market is consolidating at these levels with blue-chips holding on," said a stockbroker who declined to be identified.

The banking sector index rose 0.41 percent led by biggest listed lender Commercial Bank of Ceylon PLC which rose 1.81 percent to 123.60 rupees a share.

Foreign investors were net buyers of shares worth of 102.5 million rupees ($810,900), extending net foreign inflows this year to 13.38 billion rupees.

Turnover was 906.1 million rupees, less than this year's daily average of 1.04 billion rupees.

The market's 14-day Relative Strength Index (RSI) was still in over-bought territory, at 78.44 on Wednesday and has been above the upper neutral level of 70 since April 16, Thomson Reuters data showed.

The rupee ended flat at 126.48/55, per dollar in light trade as importer dollar demand offset exporter sales of the greenback, dealers said.

($1 = 126.4000 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil Nair)
http://www.reuters.com/article/2013/05/29/markets-srilanka-idUSL3N0EA2L320130529

Redbulls · 3 Bourse back in the green after two-day breather Thu May 30, 2013 1:34 am

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The Colombo bourse yesterday returned to positive territory following a two-day breather on retail profit taking and debt settlement posting a turnover of Rs.906.1 million, up from the previous day’s Rs.557.07 million, with both indices up – the All Share by 21.11 points (0.33%) and S&P SL20 by 17.68 points (0.49%) with 132 gainers comfortably ahead of 65 losers while 50 counters closed flat.

Foreign purchases amounted to Rs. 239.41 million, leading to net inflow of Rs. 102.47 million.

Brokers said that with month-end debts and payment dues settled, a fresh cycle of trading for a new month has begun with the market continuing on its upward mode

"The ASPI ended higher amid improved activity levels led by trades on CSF which accounted for about 12% of market turnover. The market saw crossings on NDB and ASIR," John Keells Stockbrokers said.

Block trades yesterday in Asiri (voting) where 1.4 million shares were crossed at a price of Rs.15.50 contributing Rs.21.8 million to turnover and NDB where 0.2 million shares were crossed generating a turnover of Rs.32.7 million were posted.

Nation Lanka Finance with over 7.1 million shares done between Rs.10 and Rs.12 was the day’s top turnover generator on the trading floor contributing Rs.107.3 million to the day’s business volume. The counter closed Rs.1.70 up at Rs11.70.

JKH followed with nearly 0.2 million shares done between Rs.288.10 and Rs.290 closing 70 cents down at Rs.288.60 contributing Rs.48.6 million to turnover.

Among banking stocks, Commercial Bank (voting), NDB and Sampath showed volume and price gains. Commercial Bank closed Rs.2.50 up at Rs.123.90 on slightly over 0.3 million shares, NDB was up Rs.2.60 to close at Rs.177 on 0.1 million shares and Sampath up Rs.2.20 to closed at Rs.224 on 74,170 shares.

Colombo Land closed Rs.1.30 up at Rs.52.50 on 0.7 million shares, Overseas Realty closed 50 cents up at Rs.21 on nearly 1.3 million shares and Chevron closed Rs.5.60 up at Rs.321 on 45,020 shares.

John Keells Limited announced a first and final dividend of Rs.3.50 per share for 2012/13 XD from June 6 and with payment on June 17, Ceylon Cold Stores a first and final dividend of Rs.4 per share for 2012/13 XD from June 6 and with payment on June 17 and Keells Food Products a first and final dividend of Rs.2 per share for 2012/13 XD from June 6 with payment on June 17.

United Motors will pay dividend of Rs.4 per share following shareholder approval at an AGM on June 28. The share will trade XD from July 1 and payment will be on July 9.

Trans Asia Hotels announced a first and final dividend of Rs.2 per share for 2012/13 XD from June 6 and with payment on June 17 while Ceylon Tea Services announced a final dividend of Rs.10 per share for 2012/13 with dates to be notified.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=80124