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

» ASSOCIATED MOTOR FINANCE COMPANY PLC (AMF.N0000)
by kanishkaecomm Yesterday at 10:12 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by SAGA Yesterday at 9:15 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by EPS Yesterday at 9:11 pm

» GLAS will be winner with Super Gain.
by Eranga87 Yesterday at 9:07 pm

» Top Foreign Trading today - 22/06/2021
by SAGA Yesterday at 8:50 pm

» TOP 20 LISTED COMPANIES BY FINANCIAL CHRONICLE™
by CHRONICLE™ Yesterday at 8:37 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 8:30 pm

» RWSL for short term profits
by madukp Yesterday at 5:17 pm

» YORK has a potential to go double ...
by Vasyan Yesterday at 5:07 pm

» United motors limited UML
by smnsam Yesterday at 2:43 pm

» dividend counters
by kanishkaecomm Yesterday at 12:43 pm

» HAYCARB PLC (HAYC.N0000)
by samaritan Yesterday at 11:33 am

» World-famous angel investor Conny enters Sri Lanka
by samaritan Yesterday at 10:00 am

» SINHAPUTHRA FINANCE PLC (SFL.N0000)
by kanishkaecomm Yesterday at 9:47 am

» ADAM CAPITAL PLC (PCHH.N0000)
by GayanKK Yesterday at 9:46 am

» New Commodity bubble. How will it impact the CSE?
by CHRONICLE™ Yesterday at 8:53 am

» MELSTACORP PLC (MELS.N0000)
by engineer Yesterday at 7:29 am

» R I L PROPERTY PLC (RIL.N0000)
by SAGA Mon Jun 21, 2021 9:57 pm

» Dividend - July/August
by High-flyer Mon Jun 21, 2021 9:41 pm

» SOFTLOGIC CAPITAL PLC (SCAP.N0000)
by madukp Mon Jun 21, 2021 9:08 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Weekly Market Focus

Weekly Market Focus

Go down  Message [Page 1 of 1]

1Weekly Market Focus Empty Weekly Market Focus Sun Aug 05, 2012 12:50 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By The Nation

Foreign participation was high this week with a deal on Odel and plenty of private deals on John Keells Holdings taking place. The market saw mixed sentiments throughout the week. Most companies showed improved results so far and made the valuations further attractive.

Market opened on Monday on a positive note with both indices recording slight gains. Turnover was a modest Rs. 288.2 Mn. Turnover was driven by blue-chip John Keells Holdings and Dialog Axiata. Speculation on AvivaNDB Insuarce, NDB Capital Holdings and National Development Bank continued on Monday. Foreign participation was low on Monday whilst Ceylon Tobacco Company announced a Rs. 12.50 dividend.

Mixed sentiments prevailed on Tuesday with the much hyped private transaction on Odel taking place which helped to boost turnover to Rs. 1.9Bn. Few parcels on John Keells Holdings also changed hands whilst retail activity was very evident in the morning. The share price of United Motors rose after releasing exceptionally good results. The yield on the 6 month Treasury bill rose marginally whilst the other two maturing bills were unchanged. Foreign participation rose to 51% helped by the transaction on Odel.

Turnover was Rs. 754Mn helped mainly by the deals on John Keells Holdings. The market lost steam towards the latter of trading but still posted notable gains at the end of trading. Foreign participation was still higher on Wednesday with substantial net foreign buying.

Market opened on a negative note today (Friday) as Carson Cumberbatch and related company Bukit Dara made an announcement that its profits have dipped significantly. Both counters closed 3% and 4% lower respectively on low volumes. An announcement was made by Shaw Wallace that it sold a prime property in Colombo for Rs. 1.8Bn to a foreign party. The share price rose by around Rs. 20.

ASI dropped 28.58 points (0.58%) to close at 4,931.47, MPI lost 14.94 points (0.34%) to close at 4,380.75 and the S&P index lost 25.41 points (0.91%) to close at 2,766.27. Turnover was Rs. 308.1Mn.
Top contributors to turnover were John Keells Holdings with Rs. 62.7Mn, Commercial Bank of Ceylon with Rs. 52Mn and Ceylon Tobacco Company with Rs. 29.3Mn. Most active counters for the day were MTD Walkers, Shaw Wallace and Guardian Capital Partners.

Notable gainers for the day were Lakehouse Printers up by 10% to close at Rs. 93.10, Shaw Wallace up by 8.76% to close at Rs. 298 and Laufgs Gas up by 6% to close at Rs. 22. Meanwhile, notable losers were MTD Walkers down by 7% to close at Rs. 26.10, East West down by 4.76% to close at Rs. 14 and Bukit Dara down by 4% to close at Rs. 715.

Foreign participation stood at 17.9% of total market turnover whilst net foreign purchases were Rs. 105.4mn.

Weekly Market Focus Market10

http://www.nation.lk/edition/business/item/8951-weekly-market-focus.html

Back to top  Message [Page 1 of 1]

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