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?

Sri Lankan bourse recovers from 12-week low on foreign buys Vote_lcap68%Sri Lankan bourse recovers from 12-week low on foreign buys Vote_rcap 68% [ 178 ]
Sri Lankan bourse recovers from 12-week low on foreign buys Vote_lcap18%Sri Lankan bourse recovers from 12-week low on foreign buys Vote_rcap 18% [ 47 ]
Sri Lankan bourse recovers from 12-week low on foreign buys Vote_lcap13%Sri Lankan bourse recovers from 12-week low on foreign buys Vote_rcap 13% [ 35 ]

Total Votes : 260

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

» EXPO/BILL/LOLC
by Stockbull Today at 12:04 pm

» Maharaja after long time
by Wickyz Today at 11:59 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by Wickyz Today at 11:50 am

» Unprofesional unethical practice in CSE while reaching 10000
by rajini Today at 11:44 am

» LOLC gets balance $ 225 m from Cambodia PRASAC stake sale
by stockchaser Today at 10:45 am

» KELANI TYRES PLC (TYRE.N0000)
by Value Pick Today at 10:38 am

» NIFL is about to run towards ATH
by Jay-Jay Today at 9:54 am

» The fate of NIFL .. CLC .. LOFC under LOCH
by Jay-Jay Today at 9:50 am

» Lanka IOC draws investor interest at CSE
by samaritan Today at 9:36 am

» LOFC AND CLC Target Price??
by Rational Investor Today at 9:34 am

» BEST OFFERS FOR BANKING INSTRUMENTS
by Mohammed020 Today at 1:58 am

» Lubricant oil Prices increases for third time.. Keep eye on Industry
by rajithasahan Today at 12:17 am

» GLAS will be winner with Super Gain.
by Chithi Yesterday at 10:39 pm

» HAYLEYS PLC
by Basu Yesterday at 10:28 pm

» In the vicinity listing of LOCH – “LOLC CEYLON”
by Kethy Yesterday at 10:27 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by Niwa Yesterday at 8:52 pm

» Fertilizer issue over !! Buy plantations
by Emdmadusanka Yesterday at 8:33 pm

» JAT HOLDINGS PLC (JAT.N0000)
by SAGA Yesterday at 2:01 pm

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by SAGA Yesterday at 12:32 pm

» කොළඹ කොටස් වලට ඉදිරියේ එන ප්‍රවනතා
by samaritan Yesterday at 12:30 pm

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™ » Sri Lankan bourse recovers from 12-week low on foreign buys

Sri Lankan bourse recovers from 12-week low on foreign buys

2 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, Nov 29 (Reuters) - Sri Lankan stocks gained on Thursday, recovering from a 12-week low, as foreign investors bought market heavyweight John Keells Holdings , but many domestic investors stayed away as high interest rates weighed on sentiment.

The Colombo Stock Exchange's main index ended 0.54 percent or 28.92 points, firmer at 5,363.60, edging up from its lowest since Sept.4.

Foreign investors accounted for more than 58 percent of the day's turnover of 877.5 million rupees ($6.74 million), buying a net 461.7 million rupees worth of shares. That helped to extend the net foreign inflow this year to 35.4 billion rupees.

Daily average turnover this year is 906 million rupees.

Shares in conglomerate John Keells Holdings gained 1.24 percent to 211.70 rupees on foreign buying, dealers said.

"Foreign buying in select shares pushed turnover levels while retail investors stayed away as usual due to high interest rates," said one broker who declined to be identified.

The yield for 364-day T-bills gained for a seventh consecutive week at an auction on Wednesday, central bank data showed.

Analysts said investors have been shifting to fixed deposits from equities since the central bank kept key policy rates at three-year highs on Nov. 9.

The rupee closed at 130.24/28 to the dollar compared with Wednesday's close of 130.13/17 on seasonal importer dollar demand, dealers said.

($1 = 130.1500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Robert Birsel)

((ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net))
http://www.cnbc.com/id/50007026

http://sharemarket-srilanka.blogspot.co.uk/

2Sri Lankan bourse recovers from 12-week low on foreign buys Empty Market recovers Thu Nov 29, 2012 9:00 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Colombo Stocks recovered on Thursday after two consecutive days of losses as all the market indices closed with positive returns. Retail investor participation also improved compare to the previous day and the daily market turnover improved to LKR 877.5mn. Off-the-floor deals from John Keells Holdings and Cargills Ceylon only accounted for 38% of the market turnover.

Benchmark All Shares Index advanced by 28.92 points (+0.54%) to close at 5,363.60 while sensitive MPI gained 32.39 index points (+0.67%) to close at 4,890.54. S&P SL 20 Index advanced by 17.39 points (+0.59%) to close at 2,952.16.

Index heavy John Keells Holdings topped the turnover list today with LKR 350.2mn followed by Cargills Ceylon (LKR 81.5mn) and Nestle Lanka (LKR 61.7mn). Retail investor favorites Free Lanka Capital Holdings, HVA Foods and Nation Lanka Finance were the heavily traded stocks during the day.

Renuka Shaw Wallace (previously known as Coco Lanka) –rights for both voting and non-voting shares commenced trading today and closed as the top two gainers. Meanwhile, Mercantile Shipping appeared as the next top gainer but on low volumes. Sathosa Motors, Agalawatthe Plantations and Maskeliya Plantations were the top losers for the day.

Tomorrow Odel rights will commence trading on CSE. The last traded price per share of Odel is LKR 20.00 which is same as the exercise price (issue price) of the Rights issue.
Foreign participation was 32% of the total turnover and foreign investors were net buyers with a net inflow of LKR 462mn. Accordingly year-to-date net foreign inflow to the Colombo equity market reached LKR 35.3bn.

Today’s cash map (excluding crossings) improved to 46% and market RSI (14 day) on All Share Index increased to 32 from the previous figure of 27. As of today, 132 stocks are trading more than 40% discount to their 52 week high prices and almost 80 stocks are in oversold position. In addition to that, 110 stocks are trading below the net assets value.
http://www.nation.lk/edition/biz-news/item/12953-market-recovers.html

Back to top  Message [Page 1 of 1]

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