FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOFC AND CLC Target Price??
by abey Today at 5:23 pm

» Exit EXPO Enter EDEN strategy broadened to Exit EXPO Enter LOLC GROUP
by Jay-Jay Today at 5:14 pm

» Dividend XD Date next week
by SAGA Today at 1:45 pm

» ASPI break vs reversal
by hammurabi Today at 1:01 pm

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by hotstock Today at 12:22 pm

» LATEST: Join FINANCIAL CHRONICLE™ Discord
by CHRONICLE™ Today at 10:12 am

» Maharaja after long time
by stockchaser Yesterday at 9:40 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by EPS Yesterday at 6:42 pm

» Leisure sector- KHL vs Eden
by Bakkabwoi Yesterday at 2:48 pm

» Exit Eden and enter Expo - Hotel sector revival going to take years!
by Value Pick Yesterday at 8:47 am

» Asia/Capital Trust LLUB Target Price Rs 150..
by rajithasahan Yesterday at 12:20 am

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Fri Sep 24, 2021 7:01 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by Sunimal Fri Sep 24, 2021 2:18 pm

» Construction activities records fastest growth in five years
by samaritan Fri Sep 24, 2021 3:56 pm

» Port City - Sri Lanka's Economic Trajectory
by samaritan Fri Sep 24, 2021 2:34 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by cwij5252 Fri Sep 24, 2021 10:19 am

» Watch SPEN
by Tissa Fri Sep 24, 2021 7:10 am

» Top Crossing Today
by SAGA Thu Sep 23, 2021 3:19 pm

» AGST is Next KOTA
by kanishkaecomm Thu Sep 23, 2021 2:23 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by D.G.Dayaratne Thu Sep 23, 2021 10:51 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bourse down 0.07%, volume at two year low

Bourse down 0.07%, volume at two year low

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator
* Caution urged with bull-run not expected till after August

The Colombo bourse continues to be haunted by high interest rates with the All Share Price Index falling 0.07 percent on Monday, brokers said, as volumes dipped to a two-and-a-half -year low.

The Milanka Price Index of more liquid stocks gained 0.02 percent while the S&P SL 20 index closed flat.

Year-to-date, the Colombo Stock Exchange has fallen 18.9 percent.

Foreign selling outweighed buying, resulting in a net outflow of Rs. 19.3 million. The bourse has recorded a net inflow of Rs. 23.7 billion year-to-date.

"The rising yields continued to haunt the bourse with investors preferring fixed income to equity. Activity and volumes struggled to maintain respectable levels as volumes recorded the lowest since 11.12.2009. With indices reaching attractive levels selling pressure seemed to have vanished giving life to a stagnant index. All three indices registered marginal movements in either direction remaining flat for most part of the day," Softlogic Equity Research said.

Turnover reached Rs. 125.1 million on a volume of 7.5 million shares changing hands during the day.

"As the market re-enters phase of stagnation a sharp decline in activity and turnover has gripped the bourse. The rising bond and bill market yields are providing negative signals on equity investments. It should be noted that the battered market has witnessed over 100 counters still trading at or below asset value (1.0x PBV).

"At this moment stock picking would be vital with the fundamental counters slowly but surely raising their heads amidst the ability to pass on cost increases to consumers and buyers. We believe favourable economic conditions are likely to be felt by businesses beyond August 2012. The final tranche of the IMF, extended IMF program and the sovereign bond issue is likely to stabilize exchange rates and interest rates in the short term," Softlogic Equity Research said yesterday.

"We believe investors should adopt a cautious accumulation mode, picking value stocks trading at bargains. Though a bull run is unlikely amidst current yields in the market interest rates, a reversal of the trend is likely to take place beyond August 2012 towards the final quarter of 2012," it said.

Lanka Orix Leasing Company and National Development Bank were among the top contributors to turnover, closing at Rs. 37.10 and Rs. 100 respectively, as was Carsons Cumberbatch which fell 0.24 percent to close at Rs. 462.90.

Overseas Realty too was among the top contributors to the day’s turnover, closing 1.50 percent higher at Rs. 13.50 while Bukit Darah closed 0.21 percent higher at Rs. 755.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=56395

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum