Indices traded on a dormant note

sriranga

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COLOMBO, Oct 14 (Reuters) - Sri Lankan stocks edged up on Monday, led by financials but the day's turnover hit a three-month low due to a lack of retail investor participation, dealers said.

The main share index edged up 0.09 percent, or 5.20 points, to 5,952.62, hovering near its three-month high hit on Thursday.

'Retail investor participation has not picked up and that has hit the market volume and turnover,' said a stock broker.

Retail investors in the past have accounted for around 60 percent of the market's daily volume, which hit a five-week low of 20.9 million shares.

The day's turnover slumped to 233.3 million rupees, the lowest since July 17 and well below this year's daily average of about 868 million rupees.

Foreign investors were net buyers of 12.2 million rupees ($93,100) worth of shares, extending the net buying so far this year to 21.48 billion rupees.

The banking and finance share index rose 0.74 percent, led by Ceylinco Insurance PLC which rose 4.38 percent.

($1 = 131.0750 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)

(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/2013/10/14/3603001.htm?c=1&t=

Redbulls · 2 Indices traded on a dormant note Mon Oct 14, 2013 7:30 pm

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WRITTEN BY THARANGA SENARATNE

Oct 14, 2013 (LBT) - Indices gained on marginal ground: The bourse denoted rather dull momentum today and indices traded on a tighter band with weaker turnover levels. ASPI closed at 5,952.62 with a marginal gain of 5 points. Gains denoted in Asian Hotels and Properties (+5.4%), Sri Lanka Telecom (+2.3%) and the price dips in Ceylon Tobacco Company (-1.4%) and Nestle Lanka (-2.2%) kept the index on marginal ground. S&PSL20 too ended on a dormant note with a gain of 5 points at 3,288.74. No Crossings were recorded: No off-board transactions were denoted during the day.

Interest in BFI and Power and energy sector: BFI, Power and Energy sector attracted notable investor interest during the day where Ceylinco Insurance, Lanka IOC and Sampath Bank were among the top turnover list on-board. CINS recorded several on-board transactions, largest being the 6k trade at LKR1350.0. The counter closed at a 52-week high at LKR1, 340.2 with an intra-day gain of 4.4%. Lanka IOC too had notable intra-day activity backed by a single 100k trade at LKR25.0. LIOC currently trades at a trailing PER of 3.2x and closed the day at LKR25.0 with a marginal gain of 0.8%. Sampath Bank attracted some on-board interest and settled at LKR173.1 with an intra-day gain of 0.5%.

Touchwood continued to dominate retailer activity: Touchwood Investments continued to dominate the retail-front yet again leading the on-board turnover list. The counter denoted notable number of on-board transactions and closed flat at LKR4.80, reaching a daily peak of LKR5.0. Swarnamahal Financial Services and Colombo Land and Development too attracted retail interest during the day.
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