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Market shifts back to negative territory

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1Market shifts back to negative territory Empty Market shifts back to negative territory Mon Sep 23, 2013 6:32 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

WRITTEN BY THARANGA SENARATNE

Sep 23, 2013 (LBT) - Bourse dips 31 points: The ASPI saw a short spike during the first 15 minutes of trading, however registered a downhill pattern thereon resulting in a dip of 31 points. Illiquid counters continued to decide the market direction for a yet another day as dips in Carsons Cumberbatch and Ceylon Tobacco weighted negatively on the index. S&P SL20 index recorded a slightly smaller dip of 11 points.

Two crossings for the day: A crossing each was recorded in Chevron Lubricants and Commercial Bank. The former witnessed 300k shares changing hands at LKR273.0 while on-board trading on the counter was negligible. The latter recorded a block of 205k shares which was dealt at LKR114.3 followed by active on-board trading with a 117k share block changing hands at a similar price.

Investor interest in JKH and HNB: Hatton National Bank [Voting] and [Non-Voting] counters attracted strong investor interest. The Voting counter registered a 500k block at LKR150.0 while the Non-Voting saw 2 blocks 100k and 99k shares dealt at LKR113.8 and LKR114.3 respectively. Strong buying interest was noted in John Keells Holdings as the counter touched LKR220.0 for the day and closed at the peak price with a gain of 1.0%.

Low retail interest: Retail activity in the market was low with most retail investors opting to stay in the sidelines. Some low level of activity was noted in Touchwood Investments and Blue Diamonds.
http://lbt.lk/stock-market

sriranga

sriranga
Co-Admin

COLOMBO, Sept 23 (Reuters) - Sri Lankan stocks slipped on Monday from their three-week highs as investors sold large cap shares such as Ceylon Tobacco Co Plc, but foreign investors continued to be net buyers, dealers said.

The main share index fell 0.54 percent, or 31.25 points, to close at 5,782.85, edging down from its highest close since Aug. 30.

Foreign investors were net buyers of 9.6 million rupees ($72,600) worth of shares on Monday, extending net foreign inflows in equities this year to 19.13 billion rupees.

Shares in Ceylon Tobacco fell 2.37 percent to 1,041.40 rupees.

Monday's turnover was 485.8 million rupees, about half of this year's daily average of about 879.8 million rupees.

($1 = 132.2000 Sri Lanka rupees)

(Reporting by Ranga Sirilal; Editing by Anand Basu)

(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/2013/09/23/3561161.htm

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

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