Trade Summary Market - 26/07/2012

sriranga · 1 Trade Summary Market - 26/07/2012 Thu Jul 26, 2012 3:46 pm

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Redbulls · 2 Re: Trade Summary Market - 26/07/2012 Thu Jul 26, 2012 4:06 pm

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sriranga · 3 Following Stocks Reached New High / Low on 26/07/2012 Thu Jul 26, 2012 4:47 pm

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Malika1990 · 4 Market turns red despite takeover speculations Thu Jul 26, 2012 6:35 pm

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Market was in negative ground throughout the day to end marginally lower. Selling pressure on selected blue chips continued into today with most retail active counters also slowing down with the exception of Odel. There were no large parcels traded today. There is a possibility of a rights issue on Odel with large stakes expected to change hands according to an article posted on an online business news website. It is interesting to note that the share price of Odel moved up by around 42.5% before this announcement was made.
It seems the drop in the yields of all three Treasury bills have had little impact on the market. ASI dipped 7.69 points (0.16%) to close at 4,876.19, MPI lost 10.13 points (0.24%) to close at 4,279.28 and the S&P index lost 6.4 points (0.23%) to close at 2,755.59. Turnover was Rs. 266 million. Most active counters for the day were Odel, HVA Foods and Swarnamahal Financial Services. Top contributors to turnover were Odel with Rs. 52.7 million, Distilleries with Rs. 26 million and Carson Cumberbatch with Rs. 23 million.
Notable gainers for the day were Odel up by 15% to close at Rs. 25.80, MTD Walkers up by 9% to close at Rs. 24.50 and Ceylon Cold Stores up by 6% to close at Rs. 125. Notable losers for the day were Colonial Motors down by 6% to close at Rs. 184.50, Colombo Fort Land and Building down by 4% to close at Rs. 25.20 and Colombo Land down by 3.70% to close at Rs. 31.20. Foreign participation was 7.5% of market turnover whilst foreigners were net buyers of Rs. 3.9 million.
http://www.nation.lk/edition/biz-news/item/8652-market-turns-red-despite-takeover-speculations.html

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July 26, 2012 (LBO) - Sri Lanka's stocks fell 0.16 percent Thursday, with strong interest in ODEL which was taken over by a foreign department store at a price below today's market price, brokers said.

The Colombo All Share Price Index fell 7.69 points to 4,876.19 and the S&P 20 Index of large cap stocks fell 0.23 percent (06.40 points) to 2755.59.

Turnover was Rs. 266 million.

The spot US dollar closed around 131.25 rupees with 58 billion rupees of liquidity building up in money markets, which is negative for the rupee.

The day's turnover of 266 million rupees was dominated by Odel with 52.7 million rupees, which closed up 2.80 rupees at 25.80 rupees. The firm said by Parkson Retail Asia, an East Asian department store had bought a 41.8 percent stake at 23.50 rupees a share.

A mandatory offer for all shareholders is expected at that price. The stock had been moving up for several days from around 17 rupees on take-over speculation.

Distilleries contributed 26 million rupees to turnover and Carson Cumberbatch with 23 million rupees.

DFCC closed flat at 110.00 rupees.

Dialog Axiata PLC, the country’s largest mobile phone operator closed flat at 6.00 rupees.

Aitken Spence Plc closed 10 cents flat at 111.10 rupees, John Keells Holdings slipped 90 cents to 177.90 down 0.51 percent and Distilleries Company fell 1.20 rupees to close at 120.00 rupees.

Commercial Bank slipped 20 cents to close at 97.50 rupees down 0.20 percent while Hatton National Bank fell 2.90 rupees to close at 137.10 down 2.07 percent.
http://lbo.lk/fullstory.php?nid=915853820