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Indices point in opposite directions, ASPI down Vote_lcap68%Indices point in opposite directions, ASPI down Vote_rcap 68% [ 178 ]
Indices point in opposite directions, ASPI down Vote_lcap18%Indices point in opposite directions, ASPI down Vote_rcap 18% [ 47 ]
Indices point in opposite directions, ASPI down Vote_lcap13%Indices point in opposite directions, ASPI down Vote_rcap 13% [ 35 ]

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Indices point in opposite directions, ASPI down

Indices point in opposite directions, ASPI down

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COLOMBO, April 30 (Reuters) - Sri Lankan shares ended a four-session gaining streak on Tuesday as retail investors booked profits, but continued buying in blue chips by foreign investors supported.

The main stock index ended down 0.24 percent, or 14.43 points, at 5,953.19, retreating from a seven-month closing high in the previous session.

Shares have been rising on hopes of a fall in interest rates after Treasury Secretary P.B. Jayasundera and the central bank said official interest rates could ease in May and June.

The market has risen 3.3 percent through Monday since the treasury secretary's comments on official interest rates on April 9.

'We saw some profit-taking on retail counters at the end of the month, which brought the market down,' said a stock broker.

The turnover was 875.97 million rupees ($6.91 million), lower than this year's daily average of 965 million rupees.

Foreign investors were net buyers of 85.8 million rupees of shares, extending the net foreign inflow so far this year to 8.78 billion rupees ($69.27 million). Last year, the bourse saw a net inflow of $303 million.

The rupee ended a tad firmer at 126.70/75 per dollar from Monday's close of 126.65/85 on exporter dollar sales, currency dealers said. ($1 = 126.7500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Jijo Jacob)


(Reuters Messaging: a)

2Indices point in opposite directions, ASPI down Empty Index dipped amidst profit taking Tue Apr 30, 2013 5:41 pm


Director - Equity Analytics
Director - Equity Analytics

Apr 30, 2013 (LBT) - ASPI stepped into the red territory: The benchmark index fluctuated between marginal gains and losses as it touched 5,979.27 points (+11 points) during early trading hours led by gains in key dividend players of the bourse. However the uptrend was not sustained as the index dipped 14 points at its close denoting losses in Ceylon Tobacco Company (-1.0%), Commercial Leasing & Finance (-4.0%) and Nation Lanka Finance (-1.0%) outweighing gains in Chevron Lubricants (+4.1%), Lanka IOC (+8.5%) and Dialog Axiata (+1.1%). The S&P SL20 index ended trading with a marginal gain carrying its YTD gain to 9.1%.

Colombo Land & Development topped the turnover: A counter which witnessed considerable gains during the recent rally, Colombo Land & Development spearheaded the turnover supported by 3 off-board blocks accumulating to c.3 mn shares at a 52-week high (off-board) price of LKR56.0. On-board activity in the counter depicted some selling pressure as it dipped 4.4% to LKR50.4 at its close. Tokyo Cement and Commercial Bank registered one crossing each at LKR24.0 and LKR114.5 respectively. The latter witnessed strong on-board interest with 2 large blocks which were transacted at a similar price.

BFI sector added 32% to the turnover; several counters at 52-week high levels: Banking sector interest was largely driven by Commercial Bank (+0.3%) and National Development Bank (-0.2%). Both Seylan Bank Voting and Non-Voting gained focus as each traded at 52-week high prices of LKR70.0 and LKR38.2. John Keells Holdings recorded a peak of LKR250.0 backed by strong on-board activity today while key dividend players of the bourse; Nestle Lanka and Chevron Lubricants touched new 52-week levels of LKR1,820.0 and LKR250.0 respectively. Lanka IOC was among the 52-week high list trading at LKR25.2. Retailers continued on an active streak: Strong retail activity surrounded SMB Leasing, Touchwood Investments, Colombo Land & Development and Central Investments & Finance.


Vice President - Equity Analytics
Vice President - Equity Analytics
foreign buying continuing


Global Moderator
The indices on the Colombo bourse pointed in opposite directions at the close of trading yesterday with the All Share Price Index, which has been moving up in recent days, down 14.43 points (0.24%) while S&P SL20 gained 5.86 points (0.17%) on a turnover of Rs.876.3 million, up from the previous day’s Rs.845.8 million, with 91 gainers outpaced by 125 losers while 43 counters closed flat.

Three crossings in Colombo Land (nearly 3.1 million shares) at a price of Rs.56 in deals worth Rs.173.5 million, and single block trades in Commercial Bank where 0.2 million shares were crossed at Rs.114.50 contributing Rs.22.9 million to turnover and Tokyo (voting) where slightly over 1.1 million shares were crossed at Rs.24 contributing Rs.26.3 million supported the day’s business volume to the tune of Rs.223.1 million.

In addition to the crossings Commercial Bank and Colombo Land were the most traded stocks on the floor with ComBank (voting) closing 50 cents up at Rs.115 on over 0.8 million shares traded between Rs.114 and Rs.115 contributing Rs.95 million to turnover.

Colombo Land saw nearly 1.7 million shares done, closing Rs.2.70 down at Rs.50 trading between Rs.49.50 and Rs.54.80 generating a turnover of Rs.87.4 million.

Among the blue chips, NDB closed 30 cents down at Rs.169 on over 0.4 million shares contributing Rs.72.3 million to the day’s business volumes while JKH edged up10 cents to close at Rs.250 on nearly 0.3 million shares contributing Rs.63.5 million to turnover.

Ceylon Tobacco was up Rs.4.90 to close at Rs.820 on 28,549 shares, Nestle up Rs.19.90 to close at Rs.1,809.90 on 13,024 shares and Chevron up Rs.10.30 to close at Rs.250 on 62,732 shares.

Touchwood closed 30 cents down at Rs.7 on 2 million shares and Seylan (non-voting) closed 80 cents up at Rs.37.80 on nearly 0.3 million shares.

Ceylon Tobacco announced a first interim dividend of Rs.7.70 per share for 2013 XD from May 10 and with payment on May 21.

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