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.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Prime Lands Residencies Limited (PLR)
by N W Today at 12:29 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Yesterday at 11:51 pm

» "MFL" DEAL to 12 RS (multi finance plc)
by Bakka1988 Yesterday at 9:57 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by ChooBoy Yesterday at 9:35 pm

» Growing Fear
by Wickyz Yesterday at 8:15 pm

» GLAS will be winner with Super Gain.
by Promoney Yesterday at 8:01 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 7:40 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Yesterday at 4:40 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Yesterday at 3:31 pm

» HNB to merge with Seylan Bank?
by reyaz Yesterday at 11:37 am

» There are howmany funds in Sri Lanka?
by reyaz Tue May 04, 2021 4:52 pm

» Positive for BIL
by samaritan Tue May 04, 2021 3:33 pm

» The Introduction of COVID 19 Vaccine and CSE
by Mr. X Tue May 04, 2021 1:22 pm

» HAYLEYS FIBRE PLC (HEXP.N0000)
by samaritan Tue May 04, 2021 1:21 pm

» Next market support level
by celtic tiger Tue May 04, 2021 1:17 pm

» NDB.R An opportunity not to be missed
by stocknoob Tue May 04, 2021 12:56 pm

» Lanka Aluminum
by stockchaser Tue May 04, 2021 11:33 am

» Ban of chemical fertilizers is a great news
by Mr. X Tue May 04, 2021 9:43 am

» Jordan Belfort(The Wolf) vs Gorden Gekko who is the best Stock market related movie character ?
by dayandacool Tue May 04, 2021 7:40 am

» PAN ASIA BANKING CORPORATION PLC (PABC.N0000)
by wealth123 Mon May 03, 2021 9:37 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Selling pressure by locals bring Bourse down

Selling pressure by locals bring Bourse down

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, April 1 (Reuters) - Sri Lankan stocks fell for the fourth straight session on Monday to hit a more than two-week low as upward pressure on interest rates kept many investors on the sidelines, while the rupee ended firmer on remittances.

The main index finished 0.53 percent, or 30.48 points weaker at 5,705.20, its lowest March 15.

'Interest rates are still high. They need to come off for retailers to get activated,' said a stockbroker on condition of anonymity.

Yields on T-bills rose for the fourth straight week at a March 25 auction even though the central bank had kept its key policy rates unchanged for a third month in a row.,

However, Central Bank Governor Ajith Nivard Cabraal on Monday told Reuters that market interest rates will ease this year as the monetary authority maintains a loose monetary policy stance.

Turnover was 403.2 million rupees ($3.18 million), less than half of this year's daily average of 1 billion rupees.

Foreign investors were net buyers of 6 million rupees worth of shares extending the year-to-date net foreign inflow to 4.98 billion rupees worth of shares.

The rupee gained to 126.30/35 to the dollar, from Thursday's close of 126.80/85, due to inflows from inward remittances, dealers said.

Both the stock and money markets were closed for a holiday on Friday.

($1 = 126.7500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Kim Coghill)

(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/2013/04/01/3282801.htm

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

Redbulls

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

Apr 01, 2013 (LBT) - The All Share Price Index lost 30.48 points to close at 5,705.2 (-0.5%) while the S&P SL20 Index lost 11.9 points to close at 3,281.6 (-0.4%). Total turnover for the day stood at LKR403.2 mn (USD3,178.5 k) vs. 12-month average daily turnover of LKR825.21 mn (USD6,505.5 k), whilst the volume traded for the day was 15,301 k against the 12-month average daily volume of 38,659 k.

Top contributory counters towards the turnover for the day were Sampath Bank LKR148.3 mn (USD1,168.7 k, 0.04%), National Development Bank LKR27.7 mn (USD218.2 k, 1.5%), Asian Hotels & Properties LKR27.3 mn (USD215.5 k, -0.4%) , Hatton National Bank (Non Voting) LKR25.4 mn (USD200.5 k, -5.9%) Hatton National Bank LKR21.2 mn (USD167.3 k, -4.4%) Bourse entered the month of April with a negative note where both ASI and S&P SL 20 witnessed a dreary momentum to close in the red. Sampath Bank led the turnover today supported by a crossing where 500K shares were exchanged at a price of LKR224.0. Counter contributed a circa of 37% to the daily turnover to close at LKR225.0 with a marginal price gain of 0.04%. National Development Bank also enticed institutional interest and managed to preserve the second place in the top turnover calibre. The counter reached its 52 week high of LKR168.50 whilst it closed the day at LKR167.40. Apart from the above both Commercial Bank and Hatton National Bank commenced trading today XD, which presumably dragged down the prices of both counters and also the indices. Foreign purchases amounted to LKR79.9 mn (USD630.1 k), whilst foreign sales amounted to LKR19.9 mn (USD156.9 K). This resulted in a net foreign inflow of LKR60.0 mn being recorded at the end of the day’s trading. Market capitalization stood at LKR2,188.3 bn. YTD performance is 1.1%.
http://lbt.lk/stock-market/movement/4043-total-turnover-for-the-day-stood-at-lkr4032-mn-

3Selling pressure by locals bring Bourse down Empty Bourse down 0.53% Mon Apr 01, 2013 11:20 pm

CSE.SAS

CSE.SAS
Global Moderator
The Colombo bourse opened the week yesterday on a quite note with both indices closing in the red with turnover falling to Rs. 403.2 million.

The All Share Price Index fell 0.53 percent, down 30.48 points to 5,705.20 while the S&P SL20 closed 0.36 percent, down 11.94 points to 3,281.63 with little more than 15.3 million shares changing hands during the day.

Foreign purchases amounted to Rs. 79.9 million, resulting in a net inflow of Rs. 60 million.

Sampath Bank featured in an off market transaction involving 500,000 shares at Rs. 224 each.

PC House PLC announced a one for two rights issue offering 114,446,667 shares at Rs. 3 each while Chilaw Finance announced a one for seven rights issue offering 4,237,667 shares at Rs. 10 each.

"Losers outpaced gainers with Ceylon Leather(W0013), Ceylon Leather(W0014) and Lake House Printers declining by 27.3%, 12.5% and 10.4% and offsetting advances in On’ally Holdings, Ceylon Hospitals and Hunters & Co. which rose by 21.9%, 11.3% and 8.0% respectively," DNH Financial said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=76013

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Selling pressure figured as a key reason for the Colombo stock market to close negative yesterday, according to Softlogic Stockbrokers.

It said the benchmark index trended downwards (dip of 30 points) on a rather dull market where activity seems to be drying up due to the upcoming New Year holidays in mid-April. Yesterday’s dip brought the year to date gain of ASI to 1.1% whilst the S&P SL 20 Index has performed well with a positive return of 6.4%.

Lanka Securities said indices dropped led by retail heavy counters. “A sense of profit taking and cautious investing by retailers determined sentiment. With this slight downturn we should expect plenty of bargains ahead,” it said adding Nestle gathered steam with investors expecting a final dividend.

NDB Stockbrokers said the market commenced the week on a negative note amidst subdued participation from high net worth, institutional and foreign investors.

“Banking sector contributed to 69% of the day’s turnover mainly owing to the interest in Sampath Bank, National Development Bank and Hatton National Bank,” NDBS added.

Softlogic said one crossing in Sampath Bank managed to boost turnover to Rs. 403 million and contributing 28% to turnover.

The dip in value in Hatton National Bank, Sri Lanka Telecom, Commercial Leasing and Commercial Bank weighted negatively on the index.

Sampath Bank led the turnover with the sole crossing for the day of 500k share dealt at Rs. 224. On-board trading remained strong with 161,000 shares trading as the counter finally closed at Rs. 225.6 (+0.3%).

Interest in National Development Bank persisted with the counter renewing its 52-week high price of Rs. 168.5. Following the XD date heavy selling pressure was observed in Hatton National Bank [Voting] and its [Non-Voting] where both counters dipped 4.2% and 6.1% to close at Rs. 160.2 and 123.8 respectively.

Softlogic also said interest in big caps continued yesterday as investor interest was noted in John Keells Holdings and its subsidiary Asian Hotels and Properties though on a smaller scale in relation to previous days.

The former dipped in value to close at Rs. 246.5 (-0.2%). The latter, however recorded a few mid-sized blocks onboard at a similar price of Rs. 70 while the counter closed flat for the day.

The dull retail segment saw some activity with selected retail favorite counters led by Janashakthi Insurance, Free Lanka Capital Holdings, Colombo Land generating some investor attention.

Foreigners remained bullish with a net inflow of Rs. 60 million, bringing the year to date figure to Rs. 4.8 billion.

DNH Financial said with 1Q2013 having come to an end, it expects the market to trade range bound until the corporate results season kicks in during the next several weeks where a break to the upside.

“In order to benefit fully however, we believe that it is important for investors to focus on companies that have high but sustainable top line growth with less sales volatility. We further accentuate the need to select those companies with significant free cashflow generation and are relatively underleveraged even despite our expectation of a decline in interest rates,” DNH said.

“With regard to sector exposure, we continue to re-iterate the need to focus on stocks that will benefit from robust domestic consumption cycle and who will be able to sustain earnings growth due their dominant market share, pricing power and economies of scale. Consequently, we favour high growth counters in the food and beverage, hotels, diversified and banking (selectively) sectors while portfolio investment into the industrial sector should be made on a selective basis,” DNH added.
http://www.ft.lk/2013/04/02/selling-pressure-by-locals-bring-bourse-down/

Sponsored content


Back to top  Message [Page 1 of 1]

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