EPF buys big block of Asian Hotels from foreign funds

Redbulls · 1 Sri Lanka stocks close down 0.3-pct Fri Nov 08, 2013 5:21 pm

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Nov 08, 2013 (LBO) - Sri Lanka stocks fell for the fifth straight day with banking and diversified stocks losing ground amid foreign selling, brokers said.

The Colombo benchmark All Share Price Index closed 20.21 points lower at 5,850.26, down 0.34 percent. The S&P SL20 closed 11.21 points lower at 3,232.50, down 0.35 percent.

Turnover was 1.63 billion rupees, up from 688.03 million rupees a day earlier, with stocks of 109 firms closing in the red against 62 gainers.

Foreigners brought 309 million rupees worth shares while selling 1.18 billion rupees of shares.

JKH closed 3.10 rupees lower at 219.40 rupees and Commercial Bank closed 1.60 rupees lower at 115.40 rupees, contributing most to the index negatively.

Lanka Orix Leasing Company closed 1.90 rupees lower at 63.10 rupees and Sri Lanka Telecom closed 50 cents lower at 38.10 rupees, also contributing the index fall.

Ceylinco Insurance closed 80.00 rupees higher at 1,400.00 rupees and DFCC closed 2.90 rupees higher at 122.00 rupees.

Dialog closed 10 cents higher at 9.00 rupees.

Hayleys closed 1.30 rupees lower at 290.00 rupees and Sampath Bank closed 10 cents lower at 171.20 rupees.

Ceylon Tobacco Company closed 1.40 rupees higher at 1,061.30 rupees and Distilleries closed 20 cents higher at 181.70 rupees.

Nestle Lanka closed 14.10 rupees higher at 1,939.20 rupees and Cargills Ceylon closed 50 cents higher at 152.50 rupees.

Bukit Darah closed 1.00 rupees lower at 690.00 rupees and Carson Cumberbatch closed flat at 385.00 rupees.

NDB closed flat at 152.00 rupees and Union Bank closed 30 cents lower at 16.80 rupees.

Commercial Leasing and Finance closed flat at 3.80 rupees.

Aitken Spence closed 50 cents lower at 113.60 rupees and Aitken Spence Hotel Holdings closed 1.40 rupees lower at 65.60 rupees.

Asian Hotels and Properties closed 2.00 rupees lower at 68.00 rupees.

Textured Jersey closed 20 cents lower at 15.50 rupees.

Touchwood closed up 10 cents to 3.80 rupees.

PCH Holdings closed 10 cents lower at 1.50 rupees and PC House also closed flat at 80 cents.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-down-0.3-pct/199977966

sriranga · 2 Sri Lankan stocks at 5-week low on earning woes Fri Nov 08, 2013 6:17 pm

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COLOMBO, Nov 8 (Reuters) - Sri Lankan stocks fell to a five-week closing low on Friday, led by blue chips as concerns over poor earnings hit investor sentiment, while foreign outflow surged to an over nine-month high with selling mainly in Asian Hotels and Properties PLC.

The main index fell 0.26 percent, or 15.13 points, erasing 6.28 billion rupees ($47.90 million) from the market capitalisation. The index ended at 5,855.34, marking its lowest close since Oct. 4 and sixth straight session of losses. It has fallen 1.66 percent in the past six sessions.

'Retail and smaller investors are holding on with sluggish earnings denting sentiment,' a stockbroker said.

Foreign investors were net sellers of 873.7 million rupees worth of shares, the highest outflow since Jan. 30. But they have been net buyers of 22.69 billion rupees this year.

Top conglomerate John Keells Holdings, which posted a 15 percent fall in its net profit in the September quarter on Thursday, fell 1.39 percent to 219.40 rupees.

Dialog Axiata, which posted a 67.7 percent drop in its September-quarter net profit, ended 1.12 percent firmer at 9.00 rupees.

Raft of listed firms are expected to release their quarterly earnings during this month.

Asian Hotels and Properties PLC fell 2.86 percent to 68 rupees on foreign selling, and its trading volume accounted for 71 percent of the day's turnover of 1.64 billion rupees. This year's daily average is about 867 million rupees.

($1 = 131.1000 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/2013/11/08/3651045.htm

sriranga · 3 EPF buys big block of Asian Hotels from foreign funds Sat Nov 09, 2013 1:30 am

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Both indices down, turnover tops Rs. 1.6 bn.

Heavy trading in Asian Hotel Properties including crossings of over 16.8 million shares boosted turnover on the Colombo bourse yesterday to Rs.1.64 billion, up from the previous day’s Rs.688 million, with both indices down – the All Share by 20.21 points (0.34%) and S&P SL20 by 11.21 points (0.35%) with 110 losers comfortably ahead of 73 gainers while 131 counters closed flat.

"The market was dominated by block trades in Asian Hotels where four parcels were done at a price of Rs.68 per share and Ceylon Theatres Holdings where nearly 1.8 million shares were done at Rs.150 contributing Rs.268.4 million to turnover," a broker said. "The rest of the market was very dull with turnover at one point as low as Rs.100 million."

Two foreign funds, one of them identified as the US based Battery March which was a major shareholder of JKH-controlled AHOT, sold some 10 million shares with another foreign fund which was not identified selling the balance. The EPF was the buyer.

"The ASPI continued to trend lower amid declines in most of the large caps with activity stimulated by a crossing on AHPL, which accounted for almost 70% of total turnover," John Keells Stock brokers said

"Foreign Purchases amounted to Rs. 309.06 million, while sales was Rs. 1,182.74 million resulting in a net out flow of Rs. 873.68 million," JKSB said

Apart from the crossings both Asian Hotels and Ceylon Theatres saw floor trades – Asian Hotels nearly 0.4 million shares done between Rs.68 and Rs.70 closing Rs.2 down at Rs.68 and contributing Rs.26.3 million to turnover while CT Holdings closed Rs.7 up at Rs.150 on nearly 0.2 million shares done between Rs.145 and Rs.150 contributing Rs.23.6 million to turnover.

The CSE announced that the warrants attached to the recent JKH rights issue will be listed on Nov. 12.

Other stocks that showed quantity included Expo up 20 cents to close at Rs.7.60 on nearly 3.4 million shares (contributing Rs.25.6 million to turnover), PC House Holdings closing flat at Rs.1.60 on nearly 12.3 million shares (Rs.18.6 million), Access Engineering closing 10 cents down at Rs.22.80 on over 0.2 million shares (Rs.5.2 million) and Textured Jersey closing 30 cents down at Rs.15.40 on over 0.3 million shares (Rs.5 million).

Blue chips among the most traded stocks included DFCC up Rs.2.90 to close at Rs.122 on 40,400 shares, Ceylon Guardian up Rs.6 to Rs.191 on 46,028 shares, Dimo up Rs.5 to Rs.495 on 9,411 shares, Sampath Bank down 30 cents to close at Rs.171 on 26,771 shares and Bukit Darah down a rupee to Rs.690 on 6,302 shares.

Ceylon Tobacco announced its third interim dividend for 2013 of Rs.12.30 per share, XD from Nov. 19 and with payment on Nov.27.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=91690