Sri Lanka stocks end up 0.4-pct

sriranga · 1 LSL Market Review – 20th Jan 2014 Mon Jan 20, 2014 5:58 pm

sriranga

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Colombo Bourse started trading for a fresh week on Monday with positive returns on both indices. Benchmark ASPI scaled by 25.63 points (0.42%) to end at 6,156.68 while 20 Script S&P SL Index settled at 3,425.71, a gain of 17.77 points (0.52%). Price increases in large cap counters such as John Keells Holdings (LKR 243.00, +2.1%), Carsons (LKR 370.00, +5.7%) and Commercial Leasing (LKR4.50, +15.4%) contributed positively to the market performances.

Daily market turnover was LKR 676mn. Negotiated transactions were recorded in stocks such as Lanka Orix Finance (~18.7mn shares at LKR 3.30), Chevron Lubricants (430,400 shares at LKR 278.00), John Keells Holdings (410,900 shares at LKR 243.00) and Hayleys (100,000 shares at LKR 296.00). The aggregate value of total crossings amounted to 46% of the market turnover.

Accordingly John Keells Holdings with LKR 151mn, Chevron Lubricants with LKR 120mn and Lanka Orix Finance with LKR 78mn were the top contributors to the market turnover.

Furthermore The Finance non-voting (+1.3%), Lanka Orix Finance (+9.1%) and Commercial Leasing (+15.4%) emerged as heavily traded stocks while closed with price increases.

Foreign participation was 38%. At the end of the trading foreign investors were net sellers with a net outflow of LKR 42mn.

Cash map ended at 54%.

Redbulls · 2 Sri Lanka stocks end up 0.4-pct Mon Jan 20, 2014 5:58 pm

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Jan 20, 2014 (LBO) – Sri Lanka stocks close up 0.42 percent Monday reversing last Friday’s losses with index heavy stocks gaining, brokers said.

The Colombo benchmark All Share Price Index closed 25.63 points higher at 6,156.68, up 0.42 percent. The S&P SL20 closed 17.77 points higher at 3,425.71, up 0.52 percent.

Turnover was 675.77 million rupees, down from 1.64 billion rupees last Friday, with stocks of 97 firms closing in the red against 85 gainers.

Chevron Lubricants closed 60 cents higher at 280.60 rupees and topped the off market turnover list with two transactions of 119.65 million rupees contributing to 18 percent of the turnover today.

JKH ranked first in the market transactions list with 52.85 million rupees contributing to 8 percent of the turnover.

The Finance Company closed 50 cents lower at 13.60 rupees and Lanka Orix Finance closed 40 cents higher at 3.70 rupees, attracting most number of trades during the day.

Foreigners bought 233 million rupees worth shares while selling 280 million rupees of shares.

Diversified JKH closed 4.70 rupees higher at 242.70 rupees and Carson Cumberbatch ended 19.50 rupees higher at 369.50 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed flat at 79.90 rupees and its W0023 warrants closed 20 cents higher at 84.80 rupees.

Commercial Leasing and Finance closed 60 cents higher at 4.50 rupees and Lanka Orix Leasing Company closed 1.00 rupee higher at 73.50 rupees.

Ceylon Tobacco Company closed 2.10 rupees higher at 1,203.70 rupees and Dialog dropped 10 cents to 9.20 rupees.

Nestle Lanka ended 21.60 rupees lower at 2,117.90 rupees and Distilleries ended 3.00 rupees lower at 200.00 rupees.

Cargills Ceylon closed 50 cents lower at 146.00 rupees and Bukit Darah closed 5.00 rupees higher at 620.00 rupees.

Lion Brewery Ceylon closed 1.00 rupee lower at 379.00 rupees and Aitken Spence remain unchanged at 105.00 rupees.

NDB closed 20 cents lower at 182.00 rupees and HNB closed 90 cents higher at 159.00 rupees.
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