Sri Lanka stocks close up 0.1-pct

Redbulls · 1 Sri Lanka stocks close up 0.1-pct Tue Jul 02, 2013 4:46 pm

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July 02, 2013 (LBO) - Sri Lanka's stocks closed up 0.13 percent on Tuesday continuing its positive trend for a third consecutive day with diversified and consumer companies showing gains, brokers said.

The benchmark Colombo All Share Index closed 08.04 points higher at 6,140.79 and the S&P SL 20 Index closed 14.77 points higher at 3,462.51 up 0.43 percent.

Turnover was 472 million rupees down from 562 million from a day earlier.

Foreigners brought 133 million rupees worth shares while selling 142 million rupees in a day that 92 stocks advanced and 80 stocks declined.

John Keells Holdings contributed most to the index closing at 266.80 rupees up 6.40 rupees, Commercial Leasing & Finance Company closed at 4.30 rupees up 0.20 rupees and DFCC bank closed at 134.20 rupees up 3.90 rupees.

Negative contributors included Ceylon Tobacco Company closing at 985.50 down 12.50 rupees, Ceylinco Insurance closed at 1,000.00 rupees down 100.00 rupees and The Lion Brewery closed at 400.00 rupees down 14.50 rupees.

Sri Lanka Telecom gained 0.30 cents to close 40.00 rupees and Distilleries Company lost 2.40 rupees to close at 192.50 rupees.

Pan Asia closed at 19.30 rupees down 40 cents. Union Bank of Colombo closed at 18.00 rupees up 40 cents and Commercial Bank of Ceylon gained 20 cents to close at 116.20 rupees.

Hatton National Bank closed flat at 160.00 rupees and Sampath Bank closed at 202.60 rupees down 0.10 rupees.

Aitken Spence closed flat at 129.00 rupees and Nestle Lanka closed at 1,948.90 rupees up 6.80 rupees and Dialog Axiata closed flat at 8.40 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-up-0.1-pct/1062817383

sriranga · 2 Rupee flat, bond yields & bourse gain marginally Wed Jul 03, 2013 12:16 am

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*Hayleys PLC Rs. 2bn debt issue oversubscribed

The rupee closed flat against the US dollar Tuesday (02) on thin volumes and secondary market bond yields picked up on negative sentiments after sovereign ratings agency Moody’s downgraded Sri Lanka’s rating outlook from ‘Positive’ to ‘Stable’, dealers said. The stock exchange made a marginal gain with foreign investors recording a net outflow.

The rupee closed at Rs. 130.60/70 against the US dollar, virtually unchanged from the previous day. Volumes were thin and Central Bank intervention was not evident despite some importer demand. Foreigners were not seen unwinding their holdings of government securities either, dealers said.

The Central Bank mopped up Rs. 35 billion overnight in excess liquidity from the banking system at 7.79 percent and further Rs. 3.6 billion was absorbed via the 7 percent repo window.

The Central Bank’s government Treasury bill holdings fell further from Rs. 39.43 billion on Monday to Rs. 35.83 billion yesterday.

Dealers said yields in the Treasury bond secondary market picked up marginally on negative sentiments after the Moody’s report. The more liquid five year bond yield moved up to 11.33/36 percent from the previous day’s close of 11.31/35.

The Colombo bourse saw a net foreign outflow of Rs. 9 million yesterday with foreign selling amounting to Rs. 142.46 million. Last week the net foreign outflow amounted to Rs. 1 billion.

"The ASPI gave back some intraday gains to end marginally higher at market close. Activity levels dipped further and continued to be dominated by trades on banking and diversified counters, with CARS, HNB, and SAMP, collectively accounting for roughly 45% of market turnover," John Keells Stockbrokers said.

The ASPI closed 0.13 percent higher gaining 8.04 points to 6,140.79 and the S&P SL20 gained 14.77 points to close 0.43 percent higher at 3,462.51.

CARS closed flat on Rs. 440 as did HNB on Rs. 160. SAMP made a marginal 0.05 percent gain to close at Rs. 202.60.

JKH gained 2.46 percent to Rs. 266.80 and NDB lost 0.18 percent to close at Rs. 163.

Hayleys PLC’s Rs. 1.5 billion debenture issue closed on the opening day yesterday after being oversubscribed, allowing the company to exercise the option of upsizing the issue to Rs. 2 billion, the company said in a stock exchange filing.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=82698