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

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by ONTHEMONEY Yesterday at 11:49 pm

» SEMB the ASPH
by soileconomy Yesterday at 9:31 pm

» Browns bullish on investments in local, international hotels
by SAGA Yesterday at 8:23 pm

» Top Foreign Trading today
by SAGA Yesterday at 8:20 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by ADVENTUS Yesterday at 4:45 pm

» Top crossings today
by SAGA Yesterday at 2:53 pm

» LAUGFS GAS PLC (LGL.N0000)
by Wickyz Yesterday at 2:06 pm

» Sri Lanka’s 213 billion rupee money printing to repay foreign debt: Treasury Secretary explains
by CITIZEN Yesterday at 11:25 am

» Oman shows interest in SLAF HQ land and Chalmer’s Granary
by dayandacool Yesterday at 11:03 am

» HVA FOODS PLC (HVA.N0000)
by prabath Yesterday at 10:05 am

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by mah2903 Yesterday at 2:59 am

» ලාභ ගන්න කොටස් වලින් මේක සම්පූර්ණයෙන්ම කියවන්න
by ColomboCSE Yesterday at 12:37 am

» Shares to Buy
by Cma Yesterday at 12:02 am

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Sat Jul 31, 2021 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Sat Jul 31, 2021 8:53 pm

» Directors' Dealings today
by SAGA Sat Jul 31, 2021 6:02 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Sat Jul 31, 2021 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 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™ » ASPI stagnates amidst value seekers extending BFI sector play

ASPI stagnates amidst value seekers extending BFI sector play

3 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, Feb 27 (Reuters) - Sri Lankan stocks edged up from a two-month low on Wednesday as investors picked up battered banking shares, but foreign investors were net sellers on worries about the economy.

The main share index rose 0.09 percent to 5,674.47.

'Local interest in the banking sector pushed the market up while foreigners were on the selling side,' said a stockbroker who declined to be identified.

Commercial Bank of Ceylon, which after the market closed posted a 22.3 percent gain in its December quarter net profit, rose 1.4 percent.

Foreign investors sold a net 107.18 million rupees worth of shares, extending the net foreign outflow so far this year to 194.82 million rupees.

Turnover was 623.04 million rupees, well below this year's daily average of 1.05 billion rupees.

The rupee ended steady at 127.47/50 to the dollar as dollar inflows to government bonds and equity markets offset importer dollar demand, dealers said. ($1 = 127.5 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/2013/02/27/3226029.htm

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

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
but foreign investors were net sellers on worries about the economy..One crossing would have been enough to remove this part from this article.Oh then suddenly foreign inflow and economies fine. Very Happy Very Happy

sriranga

sriranga
Co-Admin
@sahan8896 wrote:but foreign investors were net sellers on worries about the economy..One crossing would have been enough to remove this part from this article.Oh then suddenly foreign inflow and economies fine. Very Happy Very Happy

I merely posting the news item from Reuters, if you have any concern or authenticity of the news better to email the reuters to convey your view.
Email details also you can find from the post.
Please note most of the electronic media in Sri Lanka usually post the same news but without the email link or the reporters name. cheers

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

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
WRITTEN BY THARANGA SENARATNE

Feb 27, 2013 (LBT) - Colombo bourse rebounded to the green with sustained buying interest as steady accumulation in banking players and a few selected counters prevailed. Four large off-market blocks supported the sluggish turnover during early trading breathing in 40%. The ASPI remained in the green during majority of trading before settling broadly flat at 5,674.47 backed by gains made in Commercial Leasing & Finance (+5.3%), Commercial Bank (+1.4%), Sampath Bank (+2.6%) and Asian Hotels & Properties (+2.9%). Consequently the S&P SL20 index secured a marginal gain at its close of 3,210.82 points. The consistency in notably large transactions drawn up in fundamental play depicts accumulation by wise value investors continuing to hunt for counters with good bargains. The bourse currently trades at attractive valuations having dipped over 180 points within the past two weeks amidst macroeconomic woes. Banking & finance sector play has not subsided backed by anticipated earnings growth thereby continuing to emerge prominent hence we reiterate investors to utilize the stagnating trend to focus on value picks in order to surface ahead of the sidelined lot who accumulates the most at the upturn and the least during the downtrend.

Unending interest in Hatton National Bank led the counter to spearhead the day’s turnover while trades weighed largely on the buying side proceeding from a 100k on-board block which was transacted at LKR148.0 followed by two crossings which carried 900k shares at a similar price. The counter dipped marginally at its close of LKR147.8. Commercial Bank and Sampath Bank continued their momentum with the former adding 700k shares to the crossings board at LKR108.5 during mid-day and interest in the latter emerging towards latter trading. Each saw price appreciations of 1.9% and 2.9% before settling at LKR109.0 and LKR233.0 respectively. Seylan Bank [Non-Voting] saw some interest with a block of c.484k shares being picked on-board at LKR35.5. Notable buying was witnessed in Access Engineering with a quantity of c.958k shares taken on-board at LKR21.0. Similarly John Keells Holdings emerged ahead with a marginal gain at its intra-day high of LKR236.1. Renewed play was observed in Kegalle plantations and its parent, Richard Peiris Company with both denoting strong interest registering two on-board parcels of c.100k shares and 1 mn shares at LKR6.8 and LKR112.0 respectively while Chevron Lubricants grabbed some renewed focus trading between LKR213.0 and LKR217.0.

Dialog Axiata added a further 4.4 mn shares to the crossings board at LKR9.1 after an on-board block totaling c.653k shares was transacted at the same price. Retail activity was subdued while a few penny stocks sustained interest. Asian Stocks outside Japan Advance on US Economic Data; European Stocks Advance before Italian Debt Auction: Asian stocks outside Japan gained after US housing and consumer confidence data beat estimates. The MSCI Asia Pacific Excluding Japan Index gained 0.6% to 476.05 as of 1:40 p.m. in Tokyo. The Stoxx Europe 600 Index advanced 0.3% to 285.54 at 8:06 a.m. in London. WTI Oil Trades near Lowest Price of 2013 as Crude Supplies Gain: West Texas Intermediate oil traded near the lowest level this year after an industry report showed U.S. crude stockpiles increased for the seventh week in eight. WTI for April delivery was unchanged at USD92.63 a barrel in electronic trading on the New York Mercantile Exchange at 1:25 p.m. Singapore time.
http://lbt.lk/stock-market/movement/3783-aspi-stagnates-amidst-value-seekers-extending-bfi-sector-play

Sponsored content


Back to top  Message [Page 1 of 1]

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