Trade Summary Market - 26/06/2012

sriranga · 1 Trade Summary Market - 26/06/2012 Tue Jun 26, 2012 3:58 pm

sriranga

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Trade Summary Market - 26/06/2012 Aspi21

Trade Summary Market - 26/06/2012 Cse162

Trade Summary Market - 26/06/2012 Cse260

Monster · 2 Re: Trade Summary Market - 26/06/2012 Tue Jun 26, 2012 4:16 pm

Monster

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Pretty interesting. Foreign purchase is 772 million. Probably LION was purchased by a foreign party in the open market. Has LOLC sold it's stake?

sriranga

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Trade Summary Market - 26/06/2012 Crossi26

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sriranga

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June 26, 2012 (LBO) – Sri Lankan share prices were virtually flat on Tuesday, despite big ticket deals in Aitken Spence PLC and Lion Brewery PLC which propelled the bourse to one of its highest turnovers in a single trading day, brokers said.

The benchmark All Share Price Index was down 0.44 points or 4,989.99 while the liquid Milanka Price Index dipped 16.96 points or 0.38 percent to close at 4,435.55, according to Colombo Stock Exchange figures.

Turnover was 8.08 billion rupees, which the second highest for the year since March 15, brokers said. Foreign buying accounted for 722.34 million rupees over foreign sales of 36.43 million rupees.

Conglomerate Aitken Spence, with investments ranging from leisure to logistics, dominated trading in terms of turnover on a one-off deal. The counter closed flat at 111.00 rupees on trades of 66.44 million shares.

Brokers speculated that the Distilleries group had sold a block of 66,420,425 shares for 106.60 rupees (down 4.40 rupees) to a relate party.

Lion Brewery, the island’s largest brewer, rose 15.00 rupees to 215.00 rupees on trades of 2.4 million shares. Brokers said three large parcels of Lion Brewery, in blocks of 235,025, 91,455 and 1,188,545 were sold at 215.00 rupees a piece.

Market heavyweight, conglomerate John Keells Holdings PLC slipped 30 cents to 190.00 rupees on 1.012 million shares.

Other notable trades came from Softlogic Holdings PLC, which has agencies for a range of electronic equipment including Panasonic and Nokia mobile phones, was flat at 10.10 rupees on trades of 5.72 million shares.
http://lbo.lk/fullstory.php?nid=1721218059

hariesha · 5 Re: Trade Summary Market - 26/06/2012 Tue Jun 26, 2012 4:52 pm

hariesha

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As rupee depreciation is coming close to an end and most expect it start to appreciate from August onwards.

So we may see active foreign participation after about three months. I believe foreign inflows for 2012 are now nearing 24 billion. Can some body publish the exact amounts?

We may see some big deals as in March, in the coming months of July and August. In the first six months CSE has achieved about 50% of the targeted foreign inflows for 2012.

If expectations are met, we can expect an eventful 2nd half for 2012.

bullrun · 6 Re: Trade Summary Market - 26/06/2012 Tue Jun 26, 2012 6:20 pm

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If red is there foreigners will buy. When it is green only they sell. We do other way.

Redbulls · 7 Re: Trade Summary Market - 26/06/2012 Tue Jun 26, 2012 6:24 pm

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Trade Summary Market - 26/06/2012 260610

sriranga · 8 Re: Trade Summary Market - 26/06/2012 Tue Jun 26, 2012 6:35 pm

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Monster wrote:Pretty interesting. Foreign purchase is 772 million. Probably LION was purchased by a foreign party in the open market. Has LOLC sold it's stake?

Yes LION was purchased by foreign party.

Foreign Holding LION as at 25/06/2012--------------20,847,558 Shares
Foreign Holding LION as at 26/06/2012--------------23,247,558 Shares