JKH and Warrants continue to hold limelight

Redbulls · 1 Sri Lanka stocks close flat Wed Nov 13, 2013 5:08 pm

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Nov 13, 2013 (LBO) - Sri Lanka stocks closed flat despite net foreign selling, brokers said.

The Colombo benchmark All Share Price Index closed 3.20 points higher at 5,816.04, up 0.06 percent. The S&P SL20 closed 12.38 points lower at 3,178.28, down 0.39 percent.

Turnover was 710.41 million rupees, up from 579.86 million rupees a day earlier, with stocks of 81 firms closing in the red against 86 gainers.

Foreigners brought 206 million rupees worth shares while selling 272 million rupees of shares.

Commercial Leasing and Finance closed 30 cents higher at 4.10 rupees and C T Holdings closed 7.00 rupees higher at 150.00 rupees, contributing most to the index.

Lanka IOC closed 2.30 rupees higher at 28.80 rupees.

Ceylon Tobacco Company closed 13.10 rupees lower at 1,050.00 rupees and Bukit Darah closed 15.00 rupees lower at 675.00 rupees.

John Keells Holdings closed 1.20 rupees lower at 208.60 rupees.

JKH’s W0022 warrants closed 5.90 rupees lower at 59.20 rupees and JKH’s W0023 warrants closed 7.20 rupees lower at 62.60 rupees.

Commercial Bank closed 90 cents lower at 112.90 rupees and Cargills Ceylon closed 3.00 rupees lower at 147.00 rupees. Nestle Lanka closed 11.00 rupees higher at 1,950.00 rupees and Ceylinco Insurance closed 53.80 rupees higher at 1,313.90 rupees.

Distilleries closed flat at 184.00 rupees. Sri Lanka Telecom closed 10 cents lower at 38.70 rupees and Dialog closed flat at 9.10 rupees.

Hemas Holdings closed flat at 32.50 rupees and Kelani Tyres closed 1.80 rupees higher at 49.40 rupees. Ceylon Cold Stores closed flat at 135.00 rupees.

Carson Cumberbatch closed flat at 380.00 rupees and Sampath Bank closed 1.10 rupees lower at 167.00 rupees.

Lanka Orix Leasing Company closed 20 cents lower at 62.00 rupees and DFCC closed 1.10 rupees higher at 121.10 rupees.

NDB closed 30 cents higher at 151.00 rupees and Touchwood closed flat at 3.50 rupees. Aitken Spence closed 50 cents lower at 113.50 rupees and Aitken Spence Hotel Holdings closed 10 cents lower at 65.10 rupees.

Asian Hotels and Properties closed 30 cents higher at 68.00 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-flat/1544913577

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COLOMBO, Nov 13 (Reuters) - Sri Lankan stocks edged up on Wednesday from their near six-week closing low hit in the previous session, led by financials while most investors were on the sidelines due to concerns over earnings and foreign outflows.

The main index closed up 0.06 percent, or 3.20 points, at 5,816.04. On Tuesday, it had ended at 5,812.84, the lowest since Oct. 3.

Foreign investors were net sellers of 65.7 million rupees of shares on Wednesday, but they have been net buyers of 22.47 billion rupees worth this year.

Shares in Ceylinco Insurgence PLC rose 4.27 percent to 1,313.90 rupees in low volume trading, while conglomerate John Keells Holdings, which on Thursday posted a 15 percent fall in its September-quarter net profit, fell 0.57 percent to 208.60 rupees.

Many listed firms are expected to release their quarterly earnings this month.

The day's turnover was at 710.4 million rupees ($5.42 million), less than this year's daily average of 862.5 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/2013/11/13/3659229.htm?c=1&t=

Redbulls · 3 JKH and Warrants continue to hold limelight Thu Nov 14, 2013 1:34 am

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ASPI marginally up, S&P edges down

John Keells Holdings and its warrants continued to dominate the Colombo bourse yesterday accounting for over half the day’s business volumes but muted activity elsewhere prompted brokers to express the view that "the market is not going anywhere."

The market closed virtually flat with the All Share Price index up a marginal 3.20 points (0.06%) and S&P SL20 down 12.38 points (0.39%) on a turnover of Rs.710.4 million, up from the previous day’s Rs.579.9 million, with 102 gainers ahead of 84 losers while 134 counters closed flat.

Two block trades in JKH of nearly 0.8 million shares at Rs.205.50 contributed Rs.158.3 million to the day’s turnover with the conglomerate’s ordinary shares also seeing 0.4 million shares done on the floor between Rs.206.50 and Rs.210 closing 20 cents up at Rs.208.60 contributing Rs.84.7 million to turnover.

Over a million JKH warrants (W0023) were traded between Rs.59 and Rs.72 closing at Rs.62.60, down Rs.6.80 from the previous close and contributing Rs.63 million to business volumes.

JKH W0022, with nearly 1.1 million warrants done closed Rs.5.80 down at Rs.59.30 trading between Rs.56 and Rs.67.50 generating a turnover of Rs.61.4 million.

Brokers said that Nestle, which closed Rs.11 up at Rs.1,950 on 16,636 shares done between Rs.1,939 and Rs.1,950, had contributed substantially to pushing the ASPI into the green.

"Most of these shares were done in a single parcel at the Rs.1,950 price," a broker said.

Among other most traded stocks were LIOC up Rs.2.40 to close at Rs.28.90 on over 0.9 million shares, Asiri closing flat at Rs.15.80 on one million shares, Ceylon Theatres Holdings closing Rs.7 up at Rs.150 on 74,833 shares and Vallibel One closing 10 cents up at Rs.17.20 on over 0.3 million shares.

Guardian closed Rs.4.90 down at Rs.190 on 31,100 shares, Sampath Rs.1.10 down to Rs.167 on 79,691 shares and HNB (non-voting) down 10 cents to Rs.110 on 42,355 shares.

Sampath Bank announced that the CSE has approved its application for listing Rs.5 billion worth debenture issue on the main board.

Subscriptions will open on Nov. 26 for 25 million rated unsecured, subordinated, redeemable debentures at a price of Rs.100 each with an option to issue up to a further 25 million debentures in the event of the initial 25 million being oversubscribed.

The NDB Bank also announced that its board has decided to issue Rs.5 billion worth of listed, rated, unsecured, subordinated, redeemable debentures with an option to go up to Rs. 8 billion and a further option to go up to Rs. 10 billion subject to necessary regulatory approvals and other conditions acceptable to NDB.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=92024