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Sri Lanka Equity Forum » Stock Market Talk » Daily Stock Market Update

Daily Stock Market Update

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181Daily Stock Market Update  - Page 10 Empty Daily Stock Market Update (16.05.2019) on Thu May 16, 2019 5:54 pm

Insights Equity


Contributor
Contributor

Local buying in JKH lifts CSE to end losing streak

http://capitalleads.lk/local-buying-in-jkh-lifts-cse-to-end-losing-streak/

https://insightsequity.wordpress.com/

182Daily Stock Market Update  - Page 10 Empty Daily Stock Market Update (17.05.2019) on Fri May 17, 2019 6:42 pm

Insights Equity


Contributor
Contributor

CSE turnover reaches three-week high amid local buying

http://capitalleads.lk/cse-turnover-reaches-three-week-high-amid-local-buying/

https://insightsequity.wordpress.com/

183Daily Stock Market Update  - Page 10 Empty Daily Stock Market Update (21.05.2019) on Tue May 21, 2019 5:21 pm

Insights Equity


Contributor
Contributor

Stocks rise for the third consecutive day amid local buying

http://capitalleads.lk/stocks-rise-for-the-third-consecutive-day-amid-local-buying/

https://insightsequity.wordpress.com/

184Daily Stock Market Update  - Page 10 Empty Daily Stock Market Update (22.05.2019) on Wed May 22, 2019 6:47 pm

Insights Equity


Contributor
Contributor

Sri Lankan stocks edge up amid thin volumes

http://capitalleads.lk/stocks-edge-up-amid-thin-volumes/

https://insightsequity.wordpress.com/

185Daily Stock Market Update  - Page 10 Empty Re: Daily Stock Market Update on Fri May 24, 2019 7:18 pm

Teller


Moderator
Moderator
Good job

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Shares rose on Friday in high turnover and closed at their highest in 10 months, as investors took positions two weeks ahead of presidential polls, analysts said.

Housing Minister and one of the two presidential front-runners Sajith Premadasa, on Thursday, announced his election manifesto, which is seen by analysts as a “broader policy framework”. His close rival Gotabaya Rajapaksa has pledged a tax overhaul that would reduce tax to 8% from the current 15% and abolish many taxes. 

Many political analysts Reuters spoke to have said the tight race between the two presidential candidates was still on.

The benchmark stock index ended 0.7% firmer at 6,032.08, its highest close since 4 January. The index rose 1.6% for the week in its fourth weekly gain, but is down 0.34% for the year.

Financial and telecom stocks were among the top gainers, with Ceylon Tobacco Company PLC jumping 4.6%, while Distilleries Company of Sri Lanka rose 2.9%, Hemas Holdings PLC finished up 0.62% and Sri Lanka Telecom PLC ended 1.9% firmer.

The rupee ended 0.03% weaker at 181.10/25 per dollar, compared with Thursday's close of 181.05/30. The currency is up 0.83% so far this year.

Foreign investors were net sellers of riskier assets for the seventh straight session on Thursday.

They sold net Rs. 123.5 million ($ 681,944) worth of shares, extending the year-to-date net foreign selling to Rs. 4.44 billion of equities, according to index data.

Equity market turnover was Rs. 1.79 billion ($ 9.88 million), nearly three times of this year's daily average of about Rs. 667.6 million. Last year's daily average was Rs. 834.0 million.

Meanwhile, foreign investors bought Government securities on a net basis for the first time in three weeks, buying a net Rs. 1.97 billion worth of Government securities in the week ended 23 October. 

Total foreign outflows from Government securities through 23 October stood at Rs. 53.63 billion, according to Central Bank data.

Central Bank left its key rates unchanged on 11 October after loosening policy earlier this year, although growth is likely to remain subdued as the economy faces rising global risks

187Daily Stock Market Update  - Page 10 Empty Re: Daily Stock Market Update on Mon Nov 04, 2019 7:50 am

ChooBoy


Senior Equity Analytic
Senior Equity Analytic
Point of View
Equity markets continued to rally this week as positive earnings releases for the September quarter along with the election manifestos by main presidential candidates (which helped shed light on their future policy direction) boosted investor sentiment. The benchmark ASPI consequently gained ~97 points over the week (1.6 percent W-o-W) to cross the 6,000 mark, 2 weeks ahead of Election Day. Investor interest in CTC, DIAL, SLTL, and CARS collectively contributed 47 percent to the Index’s weekly gain, as ASPI hit a 10-month high this week to close at 6,032.08 points on Friday. This week’s rally contributed to the ~252 point (4.4 percent M-o-M) gain over October, which has subsequently pared down the YTD loss on the index to 0.3 percent cf. to 1.9 percent last week.
The positive momentum also led to a steady increase in turnover levels this week, with daily turnover touching a 6-week high of Rs. Rs.1.8Bn on Friday amid heavy local HNI and institutional buying interest in JKH and SEYB. Consequently, HNI and institutional participation improved this week, accounting for 31 percent (cf. 17 percent last week) of the market’s total turnover for the week. Crossings in banking sector stocks (SEYB, COMB, and SAMP) accounted for 44 percent of total crossings this week while heavy buying interest was also visible in JKH (38 percent of crossings), DIAL (12 percent of crossings), CINS and LION. Average daily turnover levels for the week consequently reached Rs.0.97Bn relative to last week’s average daily turnover of Rs.0.80Bn.
Meanwhile, despite the US Fed cutting rates for the 3rd time this year, foreign investors returned to a net selling position on the Colombo bourse this week as net outflows from domestic equities totaled ~Rs. 480Mn (cf. an inflow of Rs. 31Mn last week). The YTD net foreign outflow consequently increased to Rs. 4.5Bn from Rs.4.0Bn last week. Markets in the week ahead are likely to take direction both from ongoing September quarter earnings season and developments on the political front ahead of the Nov’16th Presidential elections.
Urban Inflation Edges Up 
Sri Lanka’s urban inflation levels edged up slightly over October, rising to 5.4 percent Y-o-Y (cf. 5 percent Y-o-Y in Sept’19) due to the seasonality impact from food prices. Food prices (which are typically volatile) rose to 6.8 percent Y-o-Y in Oct’19, sharply higher than the 3.0 percent Y-o-Y in Sep’19.
However, Non food inflation over the month decreased to 4.8 percent Y-o-Y (from 5.7 percent Y-o-Y in Sep’19) helping keep overall inflation levels broadly in check. In a new report on Asia-Pacific (APAC) frontier market sovereigns meanwhile, Fitch ratings highlighted the rising divergence between Vietnam and its peers such as Sri Lanka, Mongolia & Pakistan.
The rating agency noted that compared to its APAC FM peers who have faced heightening external vulnerabilities, Vietnam has a ‘lengthening record of macroeconomic stability’ driven by strong FDIs (especially into the Manufacturing sector) and steady export growth.
Fitch noted further that while improving export performance would help Sri Lanka meet its heavy external debt repayments, the country’s exports as a percentage of its GDP over 2011-18 has fallen compared to peers such as Vietnam. The agency noted further that Sri Lanka’s policy environment has improved post the Oct’18 political crisis and that the recovery in tourism post the April’19 terror attacks have been faster-than-anticipated while near-term external and fiscal financing constraints have eased with the resumption of the country’s IMF program and sovereign bond issuance of $4.4Bn.
Fitch cautioned however that external debt service obligations remain high, as Sri Lanka’s external debt commitments over 2020-2023 are ~$19Bn compared to its foreign exchange reserves to $7.6Bn. Meanwhile, in a widely anticipated move, the US Fed cut policy rates for the 3rd time this year, reducing the benchmark funds rate by 25Bps to a range of 1.5-1.75 percent as growth in the world’s largest economy continues to slow amid ongoing trade disputes and weak global growth.

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ECONOMYNEXT- Sri Lanka stocks closed 0.57 percent lower on Wednesday, dragged down by telcos Dialog Axiata and Sri Lanka Telecom, provisional data showed.
Colombo All Share Price Index (ASPI) closed 33.91 points down on 5,956.52, retreating for the third day.
The index reached an intra-day high of 5,998.37 in the first hour of trading before reaching a daily low of 5,951.67 in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.75 percent or 22.40 points down at 2,958.70.
Market turnover was 953 million rupees with 25 stocks gaining and 110 declining.
Private telco Dialog Axiata closed 20 cents down at 12.50 rupees a share, contributing most to the fall of the ASPI.
The state-owned Sri Lanka Telecom fell 90 cents to 31.90 rupees a share while Distilleries Company of Sri Lanka fell 30 cents to 17.20 rupees a share, also pushing the ASPI down. (Colombo/November 06/2019)

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka’s equities market retreated for the fourth day, closing 0.41 percent lower with selling in banking and finance stocks, provisional data showed.
Colombo’s All Share Price Index (ASPI) closed 24.45 points down at 5,932.07 after rising to a daily-high of 5,958.74 in mid-morning, before falling continuously to close at a daily-low.
The S&P SL20 Index closed 0.77 percent or 22.91 points down at 2,935.32.
Market turnover was 599.7 million rupees, with 29 stocks gaining and 111 falling.
Banking and finance stocks closed 0.63 percent lower.
Commercial Leasing and Finance closed 20 cents down at 3.50 rupees a share, contributing most to the ASPI fall.
Sampath Bank, the most active for the day, closed 2.70 rupees down at 165.10 rupees a share and diversified Hemas Holdings closed 1.70 rupees down at 81.30 rupees a share, also pushing the ASPI down. (Colombo/Nov07/2019)

190Daily Stock Market Update  - Page 10 Empty Re: Daily Stock Market Update on Sun Nov 10, 2019 9:53 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
REUTERS: Sri Lankan shares edged higher yesterday, snapping a four-day losing streak, as investors picked up banking and beverage shares ahead of the presidential vote on November 16.


The country’s main Tamil party on Thursday announced their support for Sajith Premadasa, the housing minister and one of the two presidential front-runners, giving him an edge over his rival Gotabaya Rajapaksa.


There are growing concerns over giveaways promised by the two top presidential candidates after officials and a credit rating agency warned that their pledges could push the country deeper into debt.


The International Monetary Fund approved the release of sixth tranche of a US $ 1.5 billion loan programme for Sri Lanka, but asked the authorities to show fiscal discipline. Sajith Premadasa has promised free housing for all, free school uniforms and meals for students, and free fertilizer for farmers among other things.


Gotabaya Rajapaksa has vowed to cut in half a value added tax of 15 percent and abolish some taxes as a way to reignite consumption.


The benchmark stock index ended 0.38 percent firmer at 5,954.62, although it rounded off the week with a 1.3 percent drop, ending a four-week run of gains. The index is down 1.62 percent for the year.


Political analysts say the leading candidates are locked in a tough fight, although Sajith Premadasa has been gaining at grass-root level due to his poverty elimination policies and support from minorities.


Beverage and banking stocks were among the top gainers, with Ceylon Tobacco Company PLC rising 3.7 percent, Commercial Bank of Ceylon PLC 1.7 percent, conglomerate John Keells Holdings PLC 0.33 percent and Sampath Bank PLC


1.1 percent. The rupee ended 0.11 percent firmer at 180.50/65 per dollar, compared with Thursday’s close of 180.70/181.00. The currency is up 1.2 percent so far this year.


Foreign investors were net sellers of riskier assets in 12 out of 13 sessions yesterday.


They sold a net Rs.11.4 million worth of shares yesterday, extending the net foreign outflow from the equities market to Rs.5.79 billion for the year, according to index data.


Equity market turnover was Rs.722.6 million, more than this year’s daily average of about Rs.680.7 million. Last year’s daily average was Rs.834 million.

Meanwhile, foreign investors bought government securities on a net basis for the third time in five weeks, buying a net Rs.1.88 billion worth of government securities in the week ended November 6.


Total foreign outflows from government securities through November 6 stood at Rs.50.2 billion, Central Bank data said.


The Central Bank left its key rates unchanged on October 11 after loosening its monetary policy this year. However, growth is likely to remain subdued in the face of rising global risks.

191Daily Stock Market Update  - Page 10 Empty Re: Daily Stock Market Update on Thu Nov 14, 2019 6:16 pm

Quibit

Quibit
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lankan stocks, rupee slip ahead of presidential polls

COLOMBO, Nov 14 (Reuters) - Sri Lankan shares ended weaker on Thursday, edging lower from their near one-week high hit in the previous session, as investors sold healthcare and telecommunication shares ahead of Saturday’s presidential vote.

** Campaigning for the polls ended on Thursday.

** Though wartime defence chief Gotabaya Rajapaksa, who is backed by majority Sinhala Buddhists, had early lead in the poll, the momentum has now tilted in favour of rival Sajith Premadasa who is backed by all communities in Sri Lanka, political analysts say. There are no official opinion polls in Sri Lanka.

** The country’s main Tamil party last week announced its support for Premadasa, giving him an edge over Rajapaksa.

** There are concerns over giveaways promised by the two top presidential candidates after officials and a credit rating agency warned that their pledges could push the country deeper into debt.

** The International Monetary Fund approved the release of sixth tranche of a $1.5 billion loan programme for Sri Lanka, but asked the authorities to show fiscal discipline.

** Premadasa has promised free housing for all, free school uniforms and meals for students, and free fertilizer for farmers among other things.

** Rajapaksa has vowed to cut in half a value-added tax of 15% and abolish some taxes as a way to reignite consumption. ** “Whoever wins the election, we won’t see a huge spike ... until we see proper policies of the new president,” said Dimantha Mathew, head of research at broker First Capital Holdings.

** The benchmark stock index ended 0.16% lower at 5,980.07. The bourse fell 1.3% last week, ending a four-week run of gains. The index is down 1.19% for the year.

** The rupee ended 0.06% weaker at 180.30/40 per dollar, compared with Wednesday’s close of 180.20/40. The currency is up 1.3% so far this year.

** Foreign investors were net sellers of riskier assets for a sixth straight session on Thursday.

** They sold a net 5.8 million rupees ($32,132.96) worth of shares on Thursday, extending the net foreign outflow from the equities market to 7.3 billion rupees for the year, according to index data.

** Equity market turnover was 635.5 million rupees, less than this year’s daily average of about 686.9 million rupees. Last year’s daily average was 834 million rupees.

** Meanwhile, foreign investors bought government securities on a net basis for the third time in five weeks, buying a net 1.88 billion rupees worth of government securities in the week ended Nov. 6.

** Total foreign outflows from government securities through Nov. 6 stood at 50.2 billion rupees, central bank data said.

** The central bank left its key rates unchanged on Oct. 11 after loosening its monetary policy this year. However, growth is likely to remain subdued in the face of rising global risks. ** For a report on global markets, click ** For a report on major currencies, click ($1 = 180.5000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Anil D’Silva)

192Daily Stock Market Update  - Page 10 Empty Re: Daily Stock Market Update on Sat Dec 07, 2019 10:33 am

God Father


Senior Equity Analytic
Senior Equity Analytic
Ceylon Tobacco drags down Sri Lanka stocks

ECONOMYNEXT- Sri Lanka’s stocks closed 0.18 percent lower on Friday, with Ceylon Tobacco Company (CTC) dragging down the market.

The main All Share Price Index (ASPI) closed 11.31 points down at 6,149.57, falling till mid-afternoon.

The more liquid stocks in the S&P SL20 Index closed 0.01 or 0.41 points up at 3,000.43.

Market turnover was 404.34 million rupees with 59 stock prices gaining and 88 falling.

CTC closed 10 rupees down at 1,120 rupees a share, pushing the ASPI down.

Although the government cut taxes last week, a new tax was introduced on cigarettes to make up for the state revenue lost.

The ASPI was also dragged down by finance conglomerate LOLC Holdings which closed 3.70 rupees down at 113.30 rupees a share.

Retail acivity centred on East West Properties. (Colombo/Dec06/2019)

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