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Local, foreign institutional investors bullish on CSE Vote_lcap68%Local, foreign institutional investors bullish on CSE Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Local, foreign institutional investors bullish on CSE

Local, foreign institutional investors bullish on CSE

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1Local, foreign institutional investors bullish on CSE Empty Weekly Market Focus Sun Mar 24, 2013 12:21 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By Lanka Securities Research

On Monday indices gained helped by Hatton National Bank, Commercial Bank, Carson Cumberbatch and Bukit Darah. Ceylon Tobacco Company saw its shares sliding today whilst John Keells Holdings and National Development Bank saw their share prices reaching 52-week highs. Turnover was a paltry site as institutions were having an off-day. ASI gained 3.48 points (0.06%) and the S&P SL20 index gained 7.77 points (0.24%). Turnover was LKR 309.4m.

A late rally in blue-chips saw indices driven higher on Tuesday. Nestle reached an all-time high price of LKR 1,800.00 whilst John Keells Holdings is trading at a higher adjusted price than its pre-split all-time high price. Meanwhile, National Development Bank continued to gain ground today whilst DFCC also gained good ground on thin volumes. John Keells Holdings continued to dominate turnover followed by banking counters. ASI gained 14.85 points (0.26%) and the S&P SL20 index gained 13.58 points (0.42%). Turnover was LKR 933.7mn.

Investors continued to favor Financial Services counters, including leading banks and small cap insurer, Janashakthi and Blue-chip John Keells Holdings on Wednesday’s trading session and respective sectors represented 86% of the total market turnover and 57% of the aggregate trading volume. Janashakthi Insurance turned out to be the heavily traded stock amid the most awaited dividend announcement of LKR 1.00 per share with 8% dividend yield and 45% dividend payout. John Keells Holdings and Seylan Bank non-voting were the next best traded stocks and reached 52 week high of LKR 249.70 and LKR 37.50 during the day while recording several off-the floor deals at LKR 250.00 and LKR 36.30 per share respectively. All Share Index gained 11.96 index points (+0.21%) and S&P SL 20 Index advanced by 15.77 points (+0.48%). Market turnover was LKR 539.7m.

Colombo Bourse continued with positive momentum on Thursday. ASI gained 29.01 points (0.5%) and S&P SL 20 Index gained 13.72 points (+0.4%). Market turnover was LKR 672.4m. Foreign investors were net buyers with a net inflow of LKR 99.7mn and it accounted for 25% participation. Notable price appreciations were seen in counters such as Nestle Lanka, DFCC Bank, HNB Bank.

On Friday retail activity helped to boost the indices although most blue-chips saw profit taking. Turnover levels were boosted by private deals John Keells Holdings related counters. Retail activity was mainly focused on poultry counters. DFCC saw its counter trading at a 52-week high price. The negative impact of a UN backed resolution against Sri Lanka didn’t seem to have had notable effect at the CSE.

ASI gained 5.05 points (0.09%) to close at 5,768.88 and the S&P SL20 dropped 0.57 points (0.02%) to close at 3,312.71. Turnover was LKR 1,070.9m.
Top contributors to turnover were John Keells Holdings with LKR 284.6mn, Union Assurance with LKR 261.8mn and Sampath Bank with LKR 123.1mn. Most active counters for the day were Ceylon Grain Elevators, Bairaha Farms and Three Acre Farms.

Notable gainers for the day were Ceylon Grain Elevators up by 9.0% to close at LKR 48.40, Three Acre farms up by 8.6% to close at LKR 44.00 and Renuka Shaw Wallace non-voting up by 5.8% to close at Rs. 14.70. Notable losers for the day were Sunshine Holdings down by 3.6% to close at LKR. 26.50, MTD Walkers down by 3.6% to close at LKR 24.00 and Panasian Power down by 3.5% to close at LKR 2.80.Cash map was 68.06%. Foreign participation was 31.53% of total market turnover whilst net foreign buying was LKR 153.8m.

Local, foreign institutional investors bullish on CSE Markt10
http://www.nation.lk/edition/business/item/16760-weekly-market-focus.html

2Local, foreign institutional investors bullish on CSE Empty The Bourse Weekly Performance Sun Mar 24, 2013 1:28 am

sriranga

sriranga
Co-Admin
Local, foreign institutional investors bullish on CSE Z_p-5211

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

CSE.SAS

CSE.SAS
Global Moderator
Stock Market Review for the week ending 22nd March 2013:

During the week the ASI gained 64 points to close at 5,769 while the S&P SL20 gained 50 points to close at 3,313. The daily average turnover was Rs. 705Mn compared to Rs. 602Mn recorded during the previous week. The week also recorded a foreign inflow of Rs. 1.4Bn against a foreign outflow of Rs. 724Mn leading up to a net foreign inflow of Rs. 679Mn. Local and foreign institutional investors continued to be bullish on financial services and select blue-chip counters.

The market gained for a third straight session however on low volumes. The ASI gained 3 points while the S&P SL20 gained 8 points. A low turnover of Rs. 309Mn was recorded boosted by private deals witnessed in John Keells Holdings and Hatton National Bank. Retailers remained inactive, adopting a "wait and see" approach. The top traded counters for the day were John Keells Holdings with Rs. 64Mn, Hatton National Bank with Rs. 50Mn and Hemas Holdings with Rs. 19Mn. The share price of John Keells Holdings and Hemas Holdings closed flat at Rs. 240.00 and Rs. 27.00 respectively while Hatton National Bank gained Rs. 4.00 to close at Rs. 161.00. Net foreign selling was recorded at Rs. 6Mn.

The market continued to close higher on Tuesday with the ASI and S&P SL20 closing 15 and 14 points higher driven by continued foreign buying in blue-chip counters. Market turnover recovered to record Rs. 934Mn with private deals being witnessed in John Keells Holdings, PC House Holdings and Seylan Bank (non-voting). John Keells was the top traded counter for the day with Rs. 444Mn followed by PC House Holdings with Rs. 95Mn and Commercial Bank with Rs. 81Mn. The share price of John Keells gained Rs. 5.00 to close at Rs. 245.00 while PC House Holdings gained Rs. 0.40 to close at Rs. 6.70. Commercial Bank lost Rs. 0.50 to close at Rs. 133.50. Foreign buying interest was witnessed in John Keells and Commercial Bank with marginal selling witnessed in Carsons leading up to a net inflow of Rs. 222Mn.

On Wednesday, the market closed higher on continued interest in select blue-chip counters. The ASI gained 12 points while the S&P SL20 gained 16 points. A moderate turnover of Rs. 540Mn was recorded with private deals in John Keells Holdings and Seylan Bank (non-voting), contributing circa. 50% of the day’s turnover. The top traded counters for the day were headed by John Keells Holdings with Rs. 212Mn, Seylan Bank (non-voting) with Rs. 81Mn and NDB Bank with Rs. 23Mn. The share price of John Keells Holdings gained Rs. 5.90 to close at Rs. 249.70 while Seylan Bank (non-voting) gained Rs. 1.30 to close at Rs. 37.50. Meanwhile NDB Bank closed Rs. 1.70 lower at Rs. 161.00. Foreign buying was evident in John Keells Holdings and Commercial Bank while marginal selling was witnessed in DFCC Bank and NDB Bank leading up to a net inflow of Rs. 210Mn.

The market gained for a sixth straight session on Thursday with continuing foreign accumulation of blue-chip counters. The ASI gained 29 points while the S&P SL20 gained 16 points. Turnover of Rs. 672Mn was recorded assisted by several private deals witnessed in Hatton National Bank, East West, Central Finance and PC House. The top contributing counter for the day was Hatton National Bank with Rs. 116Mn followed by East West with Rs. 92Mn and Commercial Bank with Rs. 64Mn. The share price of Hatton National Bank gained Rs 4.60 to close at Rs. 167.00 while East West closed Rs. 0.90 higher at Rs. 13.40. Meanwhile Commercial Bank closed flat at Rs. 114.00. A net inflow of Rs. 100Mn was recorded.

The market closed on a mixed note on Friday, with the ASI closing higher by 5 points and the S&P SL20 closing marginally lower by 0.57 points. Turnover surpassed the Rs. 1Bn mark supported by private deals witnessed in John Keells Holdings, Commercial Leasing, Sampath Bank, NDB Bank, Keells Food Products and Union Assurance. The top contributors to market turnover were John Keells Holdings with Rs. 285Mn, Union Assuarance with Rs. 262Mn and Sampath Bank with Rs. 123Mn. The share price of John Keells Holdings closed Rs. 1.50 lower at Rs, 247.50 while Union Assurance closed Rs. 0.40 lower at Rs. 91.90. Sampath Bank also lost Rs. 0.10 to close at Rs. 233.00. A net inflow of Rs. 154Mn was recorded for the day.

(Innovest Investments (Pvt) Ltd – an Investment Management Company, founded by Dian Gomes, Ajit Jayaratne & Arosha Gunasekera, and licensed by the Securities & Exchange Commission of Sri Lanka)
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=75437

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