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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Trading Friday Sri Lanka stocks down 0.5-pct

Trading Friday Sri Lanka stocks down 0.5-pct

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

July 12, 2013 (LBO) - Sri Lanka's stocks closed down 0.55 percent Friday following two consecutive days of gains with large cap stocks making losses, brokers said.

The benchmark Colombo All Share Index closed 33.64 points higher at 6,028.74 down 0.55 percent and the S&P SL 20 Index closed 7.47 points lower at 3,385.43 down 0.22 percent.

Turnover was 328 million rupees up from 241 million from a day earlier.

Sri Lanka's forex markets saw firm quotes for the spot US dollar at around 130.85/131.00 though trading was still active for spot-next deals where settlement is made three days ahead, dealers said.

The spot market dried up and there were no firm quotes earlier in the week amid moral suasion by authorities, dealers said. But active trading is still to return to forex markets.

Excess liquidity in the interbank market (the aggregate clearing balance) dropped to 28.2 billion rupees on Thursday from 38 billion rupees a week earlier amid steady unsterilized sales of foreign exchange by the Central Bank.

In equity markets foreigners brought 63 million rupees worth shares while selling 20 million rupees in a day that 50 stocks advanced and 128 stocks declined.

Dialog Axiata contributed most to the index closing at 8.80 rupees up 10 cents. Sampath Bank closed at 198.00 rupees up 3.40 rupees and Commercial Bank closed at 115.00 rupees up 2.70 rupees.

Negative contributors were John Keells Holdings closing at 249.90 rupees down 3.40 rupees and Sri Lanka Telecom closed at 39.50 down 2.30 rupees. Distilleries Company closed at 188.00 rupees down 4.00 rupees.

In the banking sector, Hatton National Bank closed at 156.00 rupees down 80 cents and DFCC closed at 129.90 rupees down 1.40 rupees.

Ceylon Tobacco Company closed at 1,000.00 rupees up 2.70 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-down-0.5-pct,-rupee-steady/495610329

sriranga

sriranga
Co-Admin

COLOMBO, July 12 (Reuters) - Sri Lankan shares slipped on Friday from the previous session's one-week high, led by market heavyweight John Keells Holdings, in thin trading volume as investors awaited further policy direction on the rupee.

The main share index ended 0.55 percent, or 33.64 points, lower at 6028.74 points.

Keells, Sri Lanka's biggest conglomerate, which fell 1.31 percent to 250 rupees, on Friday said it had not taken a decision to raise $300 million through a rights issue to finance a $850 million luxury resort.

The index hit a near 10-week low on Tuesday on concerns over the rupee's weakening trend and possible foreign outflows.

Turnover on Friday was 328.4 million rupees ($2.51 million), well below this year's daily average of about 1 billion rupees.

($1 = 130.8500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil Nair)

(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/2013/07/12/3441377.htm

http://sharemarket-srilanka.blogspot.co.uk/

K.Haputantri

K.Haputantri
Co-Admin

Thanks Red & Shri. ?Ranga Sirilal- is that you Sriranga.

4Trading Friday Sri Lanka stocks down 0.5-pct  Empty CSE fails to sustain Thursday’s gains Sat Jul 13, 2013 4:41 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Turnover modest, indices down

The Colombo bourse was unable to sustain Thursday’s gains and yesterday closed the week with both indices down on a modest turnover of Rs.328.5 million, up from the previous day’s Rs.241.9 million, with 135 losers sharply outpacing 54 gainers while 54 counters closed flat.

The All Share Price Index was down 33.64 points (0.55%) while S&P SL20 lost 6.96 points (0.25%) largely on account of JKH closing Rs.3.30 down at Rs.250 on nearly 0.2 million shares done between Rs.248.50 and Rs.253.50 contributing Rs.44.4 million to turnover.

The day’s biggest business generator was PC House where nearly 60.8 million shares changed hands closing 10 cents down at Rs.1.20 and contributing Rs.74.9 million to turnover.

Brokers said that given the quantities that were traded in large parcels, a major shareholder of the company appears to have been the seller. They noted that this share has come down sharply in recent months.

Lanka Floor Tiles also saw nearly 0.4 million shares traded between Rs.77.70 and Rs.80 closing Rs.2 up at Rs.80 contributing Rs.29 million to turnover while HNB (voting) with nearly 0.2 million shares done closed at 80 cents down at Rs.156 contributing Rs.26.2 million to turnover.

Commercial Bank (voting) was up 90 cents to Rs.115.40 on nearly 0.2 million shares, Central Finance up 10 cents to Rs.182.10 on 39,225 shares and NTB down 90 cents to Rs.63 on 0.1 million shares.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=83384

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