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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Net foreign inflow to CSE tops Rs. 10 b mark

2 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

COLOMBO, May 15 (Reuters) - Sri Lankan shares recovered on Wednesday after two straight sessions of falls, helped by strong foreign buying in large caps and market heavyweight John Keells Holdings leading, while the rupee currency ended firmer on exporter dollar sales.

The main stock index edged up 0.23 percent, or 14.53 points, to close at 6,221.12.

Foreign investors bought net 859.9 million rupees of shares, the highest since March 7, extending net foreign inflows this year to 10.76 billion rupees.

'Interest in blue chips pushed the market up, while large caps dominated the turnover,' a stockbroker said on condition of anonymity.

Shares in John Keells Holdings rose 0.44 percent to 274.20 rupees per share, their all-time high.

The central bank on Friday cut key policy rates by 50 basis point, following some of its regional peers, to boost economic growth amid subdued demand. The cuts were expected ever since Treasury Secretary P.B. Jayasundera said on April 9 that interest rates could ease in May or June.

Market turnover was 1.7 billion rupees ($13.47 million) on Wednesday, more than this year's daily average of 1.03 billion rupees.

The rupee ended firmer at 125.90/126.10 from Tuesday's close of 126.50/55 on exporter dollar sales, currency dealers said. ($1 = 126.2500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Prateek Chatterjee)

(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/2013/05/15/3353253.htm?c=1&t=

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

2Net foreign inflow to CSE tops Rs. 10 b mark Empty Sri Lanka stocks close up 0.2-pct Wed May 15, 2013 5:48 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

May 15, 2013 (LBO) - Sri Lanka’s stock closed up 0.23 percent on Wednesday, ending a two days of losses, with sentiment helped by falling Treasuries yields amid strong foreign buying into motor stocks, brokers said.

The benchmark Colombo All Share Index closed 14.53 points higher at 6,221.12 up 0.23 percent and the S&P SL 20 Index closed 02.16 points lower at 3,498.34 down 0.20 percent.

Turnover was 1.6 billion rupees.

Turnover was 1.6 billion rupees up from 636 million rupees a day earlier. Foreigners brought 860 million rupees worth shares while selling 229 million rupees of shares.

Yields fell up to 45 basis points at Wednesday's Treasuries auction, which brokers said helped boost sentiment in late trading.

Diesel and Motor Engineering, agents for Benz and Tata closed up 9.50 to close at 614.90 and United Motors, which has the agency for Mitsubishi closed up 5.50 rupees at 113.10 rupees, helped by foreign buying, brokers said.

The benchmark index gained helped most by Nestle Lanka which closed at 1887.50 rupees up 33.30 rupees. Carsons Cumberbatch gained 6.00 rupees to close at 446.00 rupees and John Keells Holding closed at 274.20 rupees up 1.20 rupees.

Hatton National Bank closed at 168.00 rupees down 2.90 rupees, DFCC Bank closed flat at 147.10 rupees, Commercial Bank of Ceylon closed 115.00 rupees down 1.60 rupees and National Development Bank closed at 174.90 rupees down 4.10 rupees.

Pan Asia closed at 21.10 rupees down 70 cents. Union Bank of Colombo closed at 19.90 rupees down 40 cents and Sampath Bank loss 3.50 rupees to close at 223.50 rupees.

LB Finance closed at 130.50 rupees down 4.00 rupees, Peoples Leasing and Finance lost 20 cents to close at 14.80 rupees and Commercial Leasing and Finance closed at 4.70 rupees up 10 cents.

Distilleries Company of Sri Lanka gained 1.60 rupees to close 183.60 rupees And Ceylon Tobacco Company gained 1.90 rupees to close at 830.00 rupees.

Aitken Spence closed at 134.90 down 10 cents. Browns Investments closed flat at 3.50 rupees.

Softlogic Holding gained 10cents to close at 12.10 rupees Hayleys closed at 300.00 rupees down 30 cents and Vallibel One closed flat at 20.00 rupees.

Sri Lanka Telecom gained 10 cents to close at 42.70 after reporting strong profits, and Dialog Axiata closed flat at 9.50 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-up-0.2-pct/746171438

sriranga

sriranga
Co-Admin

WRITTEN BY THARANGA SENARATNE

May 15, 2013 (LBT) - Bourse reverts back to the green: The benchmark index moved on a volatile note with renewed buying interest leading to a gain of 14 points at 6,221.12 points. BFI sector and Diversified sectors continued dominancy, adding 62% to the turnover. Gains denoted in heavy weights; Nestle Lanka (+1.8%), Carsons Cumberbatch (+1.4%), Hatton National Bank (+1.8%) and John Keells Holdings (+0.4%) supported the uptrend of the index while marginal dips in banking players in the S&P SL20 calibre led the index to close marginally down at 3,498.34 points.

15 crossings added 54% to the turnover spearheaded by John Keells Holdings: John Keells Holdings continued to lead the turnover supporAted by 7 off-board deals which carried 1.25 mn shares at LKR274.0 and LKR275.0. The counter touched a new 52-week high of LKR275.0 with majority of on-board interest weighing towards the selling side. BFI sector interest continued highlighting Sampath Bank (-1.5%), National Development Bank (-2.3%) and Commercial Bank (-1.4%) creating further opportunity to accumulate. The former counters encountered one and four crossings each at LKR225.0 and LKR175.0. Motor sector witnessed renewed play with notable interest in Colonial Motors, Diesel and Motor Engineering and United Motors. The latter closed with a gain of 5.1% at LKR113.1 after an off-board block of 1 mn shares which was crossed off at LKR110.0 while the former counters secured gains of 8.3% and 1.6% respectAively. Renewed interest in Cargills led two off market blocks amounting to 670k shares at LKR165.0.

Strong on-board interest on Piramal Glass as it traded at a 52-week high: Piramal Glass was noted in the top turnover slot with several large blocks being picked at its new 52-week high of LKR6.9. The counter offers attractive dividend yields of 5.7% and 6.1% on FY14E and FY15E net earnings whilst trading below the manufacturing sector trailing PER of 11.6.
http://lbt.lk/stock-market

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

sriranga

sriranga
Co-Admin

The year-to-date net foreign inflow to listed equities crossed the Rs. 10 billion mark yesterday, reinforcing the attractiveness of select opportunities at the Colombo Bourse.

The milestone was achieved when owing to foreign buying of Rs. 1.08 billion with sales being Rs. 229 million, resulting in a net inflow of Rs. 860 million.

According to Softlogic Stockbrokers, year-to-date net foreign inflow as of yesterday was Rs. 10.6 billion.

Foreign buying was heavy on JKH, NDB and United Motors.

The continued robust net inflows on the back of a record Rs. 39 billion netted last year has been outstanding for the Colombo Bourse, apart from boosting overall local investor sentiments in spite of many still remaining inactive.

The Colombo Bourse returned to positive territory yesterday on the strength of foreign interest as well as locals chipping in following a fresh round of heavy profit taking seen in the previous two days.

Thanks to gains by 110 counters (while NEST positively contributed by four points), the ASI was up 14 points helping its year-to-date return to be above 10% whilst S&P SL 20 Index dipped by two points though its year-to-date remains at 13.4%.

NDB Stockbrokers said the broader market continued to move up with interest primarily seen in blue chips and foreign buying dominated market activity with a contribution of 64%.

“Profit taking was seen in banking sector with lower profitability reported for FY12Q1 while motor sector companies such as United Motors and Colonial Motors also drew significant interest,” it added.

The Banking, Finance & Insurance sector was the top contributor to the market turnover (due to National Development Bank) and the sector index decreased by 0.37%. The share price of National Development Bank dropped Rs. 4.10 (2.29%) to close at Rs 174.90.

The Diversified sector became the second highest contributor to the turnover (due to John Keells Holdings) and the sector index gained by 0.44%. The share price of John Keells Holdings gained Rs 1.90 (0.70%) to close at Rs. 274.90.

Cargills Ceylon, United Motors and Piramal Glass were also among the top turnover contributors. The share price of Cargills Ceylon moved up Rs. 4.50 (2.82%) to close at Rs. 164. The share price of United Motors jumped Rs. 5.40 (5.02%) to close at Rs. 113. The share price of Piramal Glass increased Rs. 0.10 (1.47%) to close at Rs. 6.90.

Softlogic said the Bourse reverted back to the green on a volatile note with renewed buying interest.
Gains denoted in heavy weights Nestle Lanka (+1.8%), Carsons Cumberbatch (+1.4%), Hatton National Bank (+1.8%) and John Keells Holdings (+0.4%) supported the uptrend of the index while marginal dips in banking players in the S&P SL20 calibre led the index to close marginally down.

Softlogic said 15 crossings added 54% to the turnover spearheaded by JKH which saw seven off-board deals which carried 1.25 million shares at Rs. 274.0 and Rs. 275. The counter touched a new 52-week high of Rs. 275 with majority of on-board interest weighing towards the selling side.

“BFI sector interest continued highlighting Sampath Bank (-1.5%), National Development Bank (-2.3%) and Commercial Bank (-1.4%) creating further opportunity to accumulate,” Softlogic said, adding the former counters encountered one and four crossings each at Rs. 225 and Rs. 175.

Piramal Glass was noted in the top turnover slot with several large blocks being picked at its new 52-week high of Rs. 6.9. The counter offers attractive dividend yields of 5.7% and 6.1% on FY14E and FY15E net earnings whilst trading below the manufacturing sector trailing PER of 11.6, according to Softlogic.

LOLC Securities said there was interest on PCH while the price closed at Rs. 3.80 with a gain of 11.76%.
DNH Financial said while pockets of corporate results are trickling into the market, the majority was yet to be released.

“While we concede with the fact that most investors have largely been sitting in the wings over the last several months in anticipation of a market trigger that would propel the market to the next level, with the reporting season having just commenced, we advise investors to refrain from assuming any speculative positions but concentrate on carefully selecting counters that will benefit from the robust domestic consumption story and report sustainable earnings growth and healthy cash flows,” DNH added.
http://www.ft.lk/2013/05/16/net-foreign-inflow-to-cse-tops-rs-10-b-mark/

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

Sponsored content



Back to top  Message [Page 1 of 1]

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