Sri Lanka stocks down 0.5-pct

Redbulls · 1 Sri Lanka stocks down 0.5-pct Fri Jan 17, 2014 5:16 pm

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Jan 17, 2014 (LBO) – Sri Lanka stocks close in the red Friday ending a six-day upbeat trend with tobacco and diversified stocks losing ground, brokers said.

The Colombo benchmark All Share Price Index closed 35.93 points lower at 6,131.05, down 0.58 percent. The S&P SL20 closed 19.11 points lower at 3,407.94, down 0.56 percent.

Turnover was 1.64 billion rupees, down from 1.86 billion rupees a day earlier, with stocks of 128 firms closing in the red against 62 gainers.

Index heavy JKH topped the turnover list with three off market transactions of 795 million rupees contributing to 48 percent of the total turnover today.

The Finance Company closed 60 cents lower at 14.10 rupees and Blue Diamonds closed flat at 3.70 rupees, attracting most number of trades during the day.

Foreigners bought 947 million rupees worth shares while selling 1,028 million rupees of shares.

Ceylon Tobacco Company closed 18.70 rupees lower at 1,201.60 rupees and JKH closed 2.20 rupees lower at 238.00 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 5.20 rupees lower at 79.90 rupees and its W0023 warrants closed 5.50 rupees lower at 84.60 rupees.

Aitken Spence Hotel Holdings closed 2.90 rupees lower at 69.10 rupees and Carson Cumberbatch ended 4.20 rupees lower at 350.00 rupees.

Nestle Lanka ended 60 cents lower at 2,139.50 rupees and Cargills Ceylon closed flat at 146.50 rupees.

Bukit Darah closed 5.00 rupees lower at 615.00 rupees and Distilleries ended flat at 203.00 rupees.

HNB closed 1.10 rupees higher at 158.10 rupees and Lanka Orix Leasing Company closed 50 cents higher at 72.50 rupees.

NDB closed 3.70 rupees lower at 182.20 rupees.

Dialog gained 10 cents to 9.30 rupees and Lion Brewery closed 5.00 rupees higher at 380.00 rupees.
www.lbo.lk

Redbulls · 2 Profit taking on counters with heavy gains Fri Jan 17, 2014 5:56 pm

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WRITTEN BY THARANGA SENARATNE

Jan 17, 2014 (LBT) - ASPI in red, erases some of the gains: The market was on a positive note only for a few minutes during the day as the buy side weakened amidst heavy gains last few days. Strong selling pressure emerged as profit taking took center stage. The market ended with a dip of 35 points with Ceylon Tobacco, John Keells Holdings and NDB Capital Holdings weighing negatively on the index.

Large crossing in JKH: John Keells Holdings recorded 3 crossings for the day accounting for 3.3mn shares changing hands at LKR238.0. The crossings contributed 48% to the day’s turnover. On-board trading was also heavy in the counter. However selling pressure saw the counter dip 0.9% to LKR238.0. A crossing each was registered in Lanka Orix Finance and Commercial Bank with the former witnessing 25mn shares at LKR3.2 and the latter witnessing 500k shares at LKR127.0.

Retail counters dominate Board: The Finance [Non-Voting] emerged in the top turnover list yet again but saw heavy selling pressure with profit taking following the sharp gains in the previous few days. The counter recorded 5.1mn shares for the day with it trading between LKR7.7 and LKR8.9 as it finally settled at LKR8.0 (-7.0%). Blue Diamonds also witnessed significant investor interest but its early gains were short lived as the counter closed flat at LKR3.7.

Retailers take profit: Retail interest during the day was high with The Finance [Non-Voting] at the top of the list. Blue Diamonds [Voting], [Non-Voting], Touchwood and Colombo Land were some of the other counters with retail interest but saw a downward trend in line with the market sentiment.
www.lbt.lk

sriranga · 3 LSL Market Review – 17th Jan 2014 Fri Jan 17, 2014 6:18 pm

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Market snapped six day winning streak on Friday to close with negative returns in both indices. ASPI closed at 6,131.05, dropped by 35.93 points or 0.58% while S&P SL 20 Index closed at 3,407.94, dropped by 19.11 points or 0.56%.

Daily market turnover was LKR 1.6bn. Off-the–board deals recorded in John Keells Holdings (~3.3mn shares at LKR 238.00), Commercial Bank (0.5mn shares at LKR 127.00) and Lanka Orix Finance (25mn shares at LKR 3.20) accounted for 60% of the total turnover. John Keells Holdings emerged as the top contributor to the market turnover with LKR 947mn followed by Commercial Bank (LKR 84mn) and Lanka Orix Finance (LKR 83mn).

Blue Diamond (voting & non-voting), Touchwood Investments and The Finance (voting & non-voting) were the heavily traded stocks during the day.

After three successive days of net foreign purchases, on Friday bourse witnessed net foreign outflow of LKR 80mn and recorded 60% foreign participation over the total market activity. Net outflow were seen in stocks such as Lanka Orix Finance (LKR 83mn) and John Keells Holdings (LKR 69mn).

Cash map closed at 42%.