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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka stocks close down 0.2-pct

Sri Lanka stocks close down 0.2-pct

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sriranga

sriranga
Co-Admin
COLOMBO, Dec 14 (Reuters) - Sri Lankan stocks slipped on Friday, ending a four-session gaining streak due to thin volume and profit taking in telecom shares.

The bourse in the past two sessions was bolstered by a surprise rate cut by the central bank to support growth. The central bank reduced the key rates by 25 basis points on Wednesday, lowering them from three-year highs.

The Colombo Stock Exchange's main index closed 0.44 percent or 24.64 points weaker at 5,522.72, from its highest close since Nov. 16.

'Retail selling brought the market down,' said a stock broker asking not to be named.

Shares in leading mobile phone operator Dialog Axiata closed 1.2 percent weaker at 8.20 rupees. Top fixed line telephone operator Sri Lanka Telecom fell 1.61 percent to 42.70 rupees.

Commercial Bank, which fell 0.68 percent to 102 rupees, accounted for more than 40 percent of the day's turnover of 505.43 million Sri Lanka rupees ($3.93 million).

Foreign investors were net buyers of 22.8 million rupees worth of shares, extending the net foreign buying so far this year to 36.59 billion rupees.

The rupee closed firmer at 128.60/70 to the dollar compared with Thursday's close of 128.40/50 on importer demand for dollars, dealers said. ($1 = 128.5000 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Ron Popeski) Keywords: MARKETS SRILANKA/

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)
http://www.xe.com/news/2012/12/14/3116049.htm?c=1&t=

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

2Sri Lanka stocks close down 0.2-pct Empty Sri Lanka stocks close down 0.2-pct Fri Dec 14, 2012 7:23 pm

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dec 14, 2012 (LBO) - Sri Lanka's stocks closed down 0.2 percent Friday taking a breather after two days of strong gains following a rate cut earlier in the week, brokers said.

The benchmark Colombo All Share Index closed at 5,522.7 points down 24.6 points and the S&P SL20 Index closed up 1.5 points at 3,022.7.
Turnover was 505 million rupees. Foreigners were net buyers, purchasing 304 million rupees of stocks against sales of 281 million rupees.

DFCC Bank closed up 3.00 rupees at 112.00, Distilleries rose 2.50 to 160.00, NDB closed up 3.30 at 135.50, Indo Malay rose 75 to close at 1,575 and JKH closed up 60 cents at 218 rupees, contributing most to the index gain in a day which saw 51 stocks advancing and 133 losing ground.
Dialog Axiata fell 20 cents to close at 8.10 rupees, Sri Lanka Telecom fell 70 cents to close at 42.70, Aitken Spence fell 3.0 rupees to 117.50 and CTC fell 4.60 to 795.30 rupees.

Sri Lanka's market price to earnings multiple on historical earnings is now 14.6 times. Market capitalization fell 12 billion rupees to 2,120 billion.

http://www.lbo.lk/fullstory.php?newsID=1367724379&no_view=1&SEARCH_TERM=13

3Sri Lanka stocks close down 0.2-pct Empty Bourse closes in the red Fri Dec 14, 2012 11:31 pm

sriranga

sriranga
Co-Admin
All indices, turnover down

The Colombo bourse closed in the red yesterday, failing to hold gains of the previous two days, with turnover and all indices down and losers way ahead of gainers.

Turnover was down to Rs.505.4 million from the previous day’s Rs.702.3 million and the All Share Price Index lost 24.64 points (0.44%), the Milanka 18.76 points (0.37%) and S&P 1.50 points (0.05%) with 129 losers comfortably outpacing 63 gainers while 48 counters closed flat.

Brokers said that the market had eased off with banking stocks among the most active counters in a day where there was a single crossing of nearly 0.3 million JKH at a price of Rs.218, up Rs.6.20 from the previous close in a deal worth Rs.56.8 million.

The counter closed 10 cents up at Rs.217.50 on over 0.2 million shares done on the floor between Rs.217.10 and Rs.218 contributing Rs.50.9 million to turnover.

Commercial Bank (voting) was the day’s biggest turnover generator with nearly 2.2 million shares done between Rs.101 and Rs.104 closing 70 cents down at Rs.102, generating a turnover of Rs.223.1 million.

Other active banking stocks included NDB closing Rs.2.80 up at Rs.135 on over 0.1 million shares done between Rs.132 and Rs.139 generating a business volume of Rs.16.6 million and Seylan (non-voting) closing 20 cents up at Rs.35.20 on nearly 0.4 million shares done between Rs.35 and Rs.35.40 contributing Rs.12.3 million to turnover.

Sampath closing flat at Rs.200 on 40,297 shares and HNB (voting) closing 40 cents down at Rs.142 on 27,076 shares were also on the most traded list.

Distilleries closed Rs.2.50 up at Rs.160 on over 0.2 million shares done between Rs.151.60 and Rs.161 contributing Rs.37.5 million to turnover continued to attract interest.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=68269

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

4Sri Lanka stocks close down 0.2-pct Empty Re: Sri Lanka stocks close down 0.2-pct Fri Dec 14, 2012 11:31 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
good if its a short breather...... cheers

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