Trade Summary Market - 16/08/2012

sriranga · 1 Trade Summary Market - 16/08/2012 Thu Aug 16, 2012 3:53 pm

sriranga

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Trade Summary Market - 16/08/2012 Aspi18

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Slstock · 2 Re: Trade Summary Market - 16/08/2012 Thu Aug 16, 2012 4:02 pm

Slstock

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Foreign inflow still intact.

Redbulls · 3 Re: Trade Summary Market - 16/08/2012 Thu Aug 16, 2012 4:13 pm

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sriranga · 4 LBT:Market Thursday Thu Aug 16, 2012 4:30 pm

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Trade Summary Market - 16/08/2012 11160810

Aug 16, 2012 (LBT) - Contrary to trading patterns witnessed during the past two days, The market took a turn to close in red, with a drastic drop in volumes being traded mainly owing to lack of foreign participation throughout the day. The benchmark index shed 30.94 points to close at 4,908 whilst the more liquid MPI shed 58.83 points to close at 4,521. Total turnover for the day was over 208mn. (Approximately USD 1.5 million) Total volume traded was 20.8K.

Market heavyweight JKH emerged as the top gainer once again, but lower volumes compared to yesterday. The counter witnessed selling pressure as opposed to yesterday’s aggressive buying and closed the at Rs.195 shedding Rs.4 for the day. The counter pumped in over 46mn and traded over 230,000 shares. PAP saw a parcel of over 7.7mn shares change hands at Rs.2.50 on the normal board. The counter eventually traded over 8.5mn shares and ended the day at Rs.2.50 gaining 4% for the day. SEYB.X also triggered interest as it traded small parcels totaling 400,000 shares. The counter closed the day at Rs.25.60 shedding 1.89%.

No crossings were witnessed during the day although small blocks of as CITW,DIST and SMLL owing to Institutional and high net worth interest. LIOC,OSEA also traded attractive volumes and contributed material amounts towards the day’s turnover.

Retail activity showed mixed sentiments during the day as most retail favourites showed a volatile trading pattern. Midcap COCR attracted retail interest after the dividend of Rs.1 and traded 276,747 shares for the day. The counter closed at Rs.15.10 gaining 2.72% for the day. HVA also traded it’s quantities between Rs.13 and Rs.13.40 and closed at Rs.13.30 gaining 0.10 cents. KDL also dragged retail interest and closed at Rs.15 after reaching an intraday high of Rs.15.60.
http://lbt.lk/stock-market/movement/2447-lbtmarket-thursday

Trade Summary Market - 16/08/2012 Cont19

Trade Summary Market - 16/08/2012 Cont19

Last edited by sriranga on Fri Aug 17, 2012 4:02 pm; edited 1 time in total

worthiness · 5 Re: Trade Summary Market - 16/08/2012 Thu Aug 16, 2012 7:19 pm

worthiness

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slstock,

If looked into past 2 months data, it is very clear that foreign buying is much higher accumulating enormous cash flow in, while the value of domestic selling is very high than the buying ability.
What would happen to market if there is a reversal trend in foreign buying behavior? I wish it would not happen. In case, if it happens could it be covered by
domestic buyers? Honestly saying this is mystery that an expert can figure it out.

Slstock · 6 Re: Trade Summary Market - 16/08/2012 Fri Aug 17, 2012 1:00 am

Slstock

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worthiness wrote:slstock,

If looked into past 2 months data, it is very clear that foreign buying is much higher accumulating enormous cash flow in, while the value of domestic selling is very high than the buying ability.
What would happen to market if there is a reversal trend in foreign buying behavior? I wish it would not happen. In case, if it happens could it be covered by
domestic buyers? Honestly saying this is mystery that an expert can figure it out.

To be frank $200million which is about Rs 26.5 billion is not a huge capital inflow on $amounts. In other words if some rich foreign guys are interested there could be more to come.Futhermore in 2010-2011 there was out flow by the foriegners. I think the present Rs27 billion is less than the outflow. Even if the same parties assuming they have money and no new comers returns I think there will be more to come.Also foriegners are benefitting from the exchange rate and los share prices.

Regarding the local ivesters, people like the captains and Hj still have resources I think.They hardly gamble in the stock market so their gambling losses are less like a few other new HNWI. Their credit lines might be also intact if they need. Some of the big money they sold to foriegners might come back at the right time.

This liquidity issue is with mostly retailers and do called HNWI who are relatively new to market who played with specuative gambles and acquired such stocks there is no real cash flow.

Anyway this is my thinking and I could be wrong. If I am A foriegner who is interested in sri lanka, I think this year is the time to invest before things can turnaround ( if one is hopeful that share prices doesn't stay the same and evonomies recover).

Lets hope for the best.

BTW I am no expert