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


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_lcap16%Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_rcap 16% [ 43 ]
Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_lcap21%Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_rcap 21% [ 57 ]
Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_lcap30%Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_rcap 30% [ 83 ]
Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_lcap34%Foreigners return to buying mode as net inflow tops Rs. 800 m Vote_rcap 34% [ 93 ]

Total Votes : 276

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» The rupee was now ‘heavily undervalued’ based on fundamentals - Central Bank Governor Nandalal Weerasinghe
by K.R Today at 3:02 pm

» LOLC FINANCE PLC (LOFC.N0000)
by Riz123 Today at 1:45 pm

» CIC going to next level
by suku502 Today at 12:13 pm

» PMB/PLC/PINS
by K.R Today at 12:03 pm

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Nov 25, 2022 11:32 pm

» What will happen tomorrow?
by K.R Thu Nov 24, 2022 7:56 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by ErangaDS Wed Nov 23, 2022 6:34 pm

» KZOO.N SHAW WALLACE INVESTMENTS PLC TP 10/
by cheetah Wed Nov 23, 2022 11:16 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Wed Nov 23, 2022 6:53 am

» SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant
by Equity Win Tue Nov 22, 2022 12:10 pm

» EXTERMINATORS PLC (EXT.N0000)
by ErangaDS Tue Nov 22, 2022 10:35 am

» Focus on Government controlled entities
by K.R Sun Nov 20, 2022 10:45 am

» Singapore based Kreate Design to invest USD 1 Billion to Colombo Lotus Tower
by K.R Sat Nov 19, 2022 1:40 pm

» China working with other lenders on ‘easing’ Sri Lanka debt
by K.R Sat Nov 19, 2022 1:31 pm

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Sat Nov 19, 2022 10:11 am

» Wahts going on with Expo
by sanjayaK Fri Nov 18, 2022 2:23 pm

» REGULATORS - DUTY OF CARE
by God Father Fri Nov 18, 2022 1:47 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by K.R Tue Nov 15, 2022 8:03 pm

» LANKA HOSPITAL + SRI LANKA TELECOM + HOUSING DEVELOPMENT COOPERATION
by nish84 Tue Nov 15, 2022 4:29 pm

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
by Thushara Ayya Tue Nov 15, 2022 10:16 am

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Foreigners return to buying mode as net inflow tops Rs. 800 m

Foreigners return to buying mode as net inflow tops Rs. 800 m

2 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

COLOMBO, Jan 29 (Reuters) - Sri Lanka's stock market fell for the third straight session on Tuesday to reach a two-week low as retail investors booked profits in large cap companies.

The main share index closed 0.93 percent, or 54.34 points weaker, at 5,800.75, its lowest close since Jan 16.

'Foreigners are on the buying side and the market's fall was due to some large caps, which were sold in thin volume,' a stockbroker said on condition of anonymity.

Foreign investors were net buyers of 830.6 million rupees ($6.53 million) worth of shares, mainly acquiring shares in conglomerate John Keells Holdings, which gained 0.44 percent to 226 rupees.

That helped to reverse the year to date net foreign flow to a net inflow of 399.2 million rupees. Sri Lanka enjoyed a record foreign inflow of 38.63 billion rupees last year.

The day's turnover was 1.35 billion rupees, well above the daily average of 1.02 billion so far this year.

The rupee closed a tad stronger at 126.65/70 to the dollar from Monday's close of 127.10/15, on dollar inflows into government securities, traders said.

($1 = 127.1500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/01/29/3174545.htm

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

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

JKH continues to draw sustained interest, Sampath Bank and LOLC join foreign funds-favourite league

Year to date net inflow swung back to where it was last week thanks to heavy buying by foreigners yesterday, though quick profit taking by locals stemmed gains in indices.

Foreigners bought Rs. 866 million worth of shares yesterday and sold only Rs. 35 million, resulting in a net inflow of Rs. 830.6 million. This made year to date inflow Rs. 400 million, reversing the negative outflow of an equal amount as of Monday.

NDB Stockbrokers said the net inflow yesterday was owing to the buying witnessed in counters such as Sampath Bank, John Keells Holdings and Lanka Orix Leasing.

Premier blue chip JKH dominated foreign buying for the second consecutive day as it saw foreign holding in the company increase by 1.6 million shares. Overall, 1.73 million shares of JKH traded for Rs. 391 million.

On Monday, JKH saw heavy foreign buying with 2.43 million of its shares traded for Rs. 548 million. An Aberdeen fund picked up over Rs. 300 million worth of shares whilst at least nearly 10 other foreign funds collected available JKH quantities. JKH’s share price gained by one rupee to close at Rs. 226. In value terms, Sampath Bank, the third largest private bank, yesterday saw heavy foreign buying, with its net foreign holding increasing by 0.9 million shares. Overall, 1.95 million Sampath Bank shares traded for Rs. 428 million, topping the turnover list.

Sampath saw a block of 0.75 million shares done via a crossing at Rs. 218.50 per share. In intra-day trading, Sampath reached a 52-week high price of Rs. 221.80 before closing at Rs. 219.60, up by 2.5%.
LOLC was also a recipient of new foreign interest with 3.5 million shares picked up for Rs. 254 million at Rs. 72.50 each.

As exclusively reported by the Daily FT on Monday, Mathews Asia Growth Fund bought into both Sampath and LOLC last week, which saw 0.64 million shares (Rs. 137 million) and 0.83 million shares (Rs. 58.6 million) worth of net buying. The share price of LOLC rose by Rs. 2.30 or 3.40% to close at Rs. 69.90 over Monday.

After a considerable period of lapse, investor interest was noted in manufacturing sector counter Royal Ceramics (-2.7%), whilst interest extended in the construction sector counter Access Engineering.
Softlogic Stockbrokers said that following heavy volatility in the bourse coupled with the slow downward trend during the last few trading days led to a sharp fall in the market indices yesterday, resulting in the benchmark index plunging by 54 points while the S&P SL20 which contains more of the steady lot too experienced a dip, though at a much slower pace, closing down by 9 points.

Dividend play counters Ceylon Tobacco (-4.2%) and Nestle (-2.8%) were the main negative contributors to the index, Softlogic added.

“Although retail investors remained on the sidelines, continued interest from high net worth and institutional investors was seen,” NDBS said, whilst Softlogic noted, “Foreigners led the buy side of the downhill market, understanding the attractiveness of the current market valuations. We advise investors to take maximum use of this opportunity to pick the hidden gems that dip in value.”
http://www.ft.lk/2013/01/30/foreigners-return-to-buying-mode-as-net-inflow-tops-rs-800-m/

Back to top  Message [Page 1 of 1]

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