JKH powers bourse to clear 6,000-point barrier

sriranga · 1 Sri Lanka stocks close at 1-week high Fri Jul 19, 2013 4:42 pm

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COLOMBO, July 19 (Reuters) - Sri Lankan shares closed at their one-week high on Friday as investors bought diversified shares including in market heavyweight John Keells Holdings.

The main share index ended 0.93 percent, or 55.61 points, firmer at 6,041.06, its highest closing since July 11.

Foreign investors sold net 184 million rupees ($1.40 million) in shares. But the bourse has seen a net inflow of 16.65 billion rupees year-to-date.

John Keells closed up 4.16 percent at 260.10 rupees.

Turnover was 719.1 million rupees ($5.46 million), bourse data showed, well below this year's daily average of around 960 million rupees.

($1 = 131.7000 Sri Lanka rupees)

(Reporting by Shihar Aneez and Ranga Sirilal; Editing by Subhranshu Sahu)
http://uk.reuters.com/article/2013/07/19/markets-srilanka-idUKL4N0FP2FV20130719

Redbulls · 2 Indices surged fueled by JKH Fri Jul 19, 2013 5:09 pm

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WRITTEN BY THARANGA SENARATNE

July 19, 2013 (LBT) - JKH dictating the market direction: The Colombo bourse reversed its usual course and denoted notable gains holding its nerves near the important 6,000 levels. ASPI ended at 6,041.06 with a gain of 56 points. The gains on the index were largely driven by the highly capitalized John Keells Holdings (+4.1%) followed by minor gains on Sri Lanka Telecom (+2.8%) and N D B Capital Holdings (+6.5%)

JKH drove market turnover: John Keells Holdings dominated the daily turnover adding 45.0%, supported by 5 crossings totaling 942k shares which changed hands at LKR260.0. JKH displayed notable activity on-board with a single large-sized block of 65k shares which traded at LKR260.0. The counter rallied to an intra-day high of LKR261.0 before closing at LKR260.0 with a gain of 4.1%. Sampath bank too denoted off-board interest with a single crossing amounting to 239k shares which crossed at LKR197.0. Ceylinco Insurance also denoted a single crossing of 31k shares which was dealt at LKR1150.0

Interest on BFI sector: Notable on-board interest was seen in gold-hit Sampath Bank where the counter transacted a single on-block of 267k shares at LKR197.0. SAMP closed at LKR197.0 with a gain of 1.0%. Sinhaputhra Finance also denoted on-board interest with two transactions totaling up to 931k shares which were traded at LKR80.0. The counter settled at LKR80.0 with a gain of 13.8%. Retail interest on minimal account: Retailer participation was concentrated on HVA Foods, First Capital Holdings and Citrus Leisure.
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Redbulls · 3 JKH powers bourse to clear 6,000-point barrier Sat Jul 20, 2013 12:29 am

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Both indices up on Rs. 719 mn. turnover

The Colombo bourse yesterday cleared the 6,000 point resistance barrier on the All Share Price Index after going below the hurdle earlier in the week with the ASPI up 55.61 points (0.93%) and S&P SL20 up 30.3 points (0.93%) on a turnover of Rs.719.1 million, up from the previous day’s Rs.665.2 million, with 163 gainers way ahead of 47 losers while 103 counters closed flat.

"JKH provided the upward movement with some block trades at Rs.260 with over 0.9 million shares crossed at this price to generate a turnover of Rs.244.9 million," a broker said. "There were also floor trades in the counter, a lot of them at the Rs.260 price."

Foreigners were net sellers yesterday with an outflow of Rs. 184 million on purchases of Rs. 40.4 million and sales of Rs. 224.4 mn.

"The ASPI ended sharply higher amid gains across the board, including healthy gains in large cap diversified and banking counters. Trades on JKH accounted for over 40% of market turnover, inclusive of crossings. The market also saw block trades on CINS and SAMP," John Keells Stock Brokers said in a market report.Other than JKH, over 0.2 million Sampath was crossed at Rs.197 in a deal worth Rs.47.1 million and 31,262 Ceylinco Insurance crossed at Rs.1,150 contributing Rs.36 million to the day’s business volumes. Block trades accounted for Rs.328 million of yesterday’s turnover.

JKH closed Rs.10.40 up at Rs.260.10 on the floor with 0.3 million shares traded between Rs.250 and Rs.261 with at least a third of this done at the Rs.260 price at which the blocks were crossed. The counter contributed Rs.78.7 million to turnover on the floor trades.

An unusual quantity of over 0.9 million Sinhaputhra was done yesterday closing Rs.9.70 up at Rs.80 and contributing Rs.74.9 million to turnover. Brokers said some large parcels were among the floor trades done between Rs.80 and Rs.84.50 contributing Rs.74.9 million to turnover.

Next on the turnover league was Sampath which closed Rs.1.80 up at Rs.187 on 0.3 million shares done between Rs.195 and Rs.197.50 generating a turnover of Rs.59.1 million.

Vallibel One which announced an interim dividend of 70 cents per share for 2013/14 saw a million shares done yesterday closing flat at Rs.17.90.

Other counters that demonstrated price gain and some volume included Commercial Bank (voting) closing one rupee up at Rs.117 on over 0.1 million shares, Ceylon Tobacco gaining a rupee to close at Rs.1,000 on 8,683 shares and 45,513 Commercial Bank (non-voting) up Rs.4 to close at Rs.97.

Vallibel Power Erathna announced an interim tax-free dividend of 20 cents per share for 2013/14 XD from July 30 with payment on August 8. Vallibel One will trade XD from July 30 with payment on August 7.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=83894