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 Holding
by hanuma Today at 1:12 pm

» Talks to get FedEx, Expo Freight hubs at BIA
by samaritan Today at 1:05 pm

» Fertilizer ban relaxed: Stock-watch CIC
by ADVENTUS Today at 1:00 pm

» L B Finance PLC (LFIN.N0000) - (1st Interim dividend for 1Q 2022)
by Venu123 Today at 11:28 am

» PIRAMAL GLASS CEYLON PLC (GLAS.N0000)
by sandamal Today at 11:07 am

» ROYAL CERAMICS PLC (RCL.N0000)
by KILLER99 Today at 10:17 am

» 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

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™ » The tumble continues, CSE down sharply for second day running

The tumble continues, CSE down sharply for second day running

4 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, June 7 (Reuters) - Sri Lankan shares fell for a fifth straight session on Friday to a three-week low, led by a decline in John Keells Holdings after the central bank held policy rates steady.

The central bank, before the market opened, kept the key policy rates steady after it unexpectedly cut them by 50 basis points month ago.

"For the market to continuously move up, there should be some news. Even keeping the rates steady does not help investors to get in," said a stockbroker who declined to be named.

The main stock index fell 1.02 percent, or 64.95 points, to 6,307.43, the lowest close since May 16.

However, foreign investors were net buyers of shares for a 21st straight session. The bourse saw a net foreign inflow of 291.6 million rupees ($2.31 million), extending the year-to-date inflows to 15.6 billion rupees.

Foreign investors accounted for around 46.47 percent of the day's turnover of 883.7 million rupees, less than this year's daily average of 1.04 billion rupees.

Shares in conglomerate John Keells Holdings fell 3.00 percent to 265.00 rupees, while leading mobile phone operator Dialog Axiata Plc lost 3.23 percent to 9.00 rupees.

The rupee ended weaker at 126.45/50 per dollar from Thursday's close of 126.30/40 on demand for greenbacks from importers, dealers said.
($1 = 126.4250 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Jijo Jacob)
http://uk.reuters.com/article/2013/06/07/markets-srilanka-idUKL3N0EJ2NL20130607

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

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sri Lanka stocks close down 1.2 -pct
June 07, 2013 (LBO) - Sri Lanka's stocks closed down 1.02 percent on Friday with profit taking by high net individuals and retail investors and losses continuing in the heavy index companies, brokers said.

The benchmark Colombo All Share Index closed 64.95 points lower at 6,307.43 and the S&P SL 20 Index closed 45.87 points lower at 3,550.47 down 1.28 percent.

Turnover was 884 million rupees up from 1.3 billion day earlier.

Foreigners brought 411 million rupees worth shares while selling 744 million rupees of shares, in a day that 65 stocks advanced and 149 stocks declined.

Losses in the heavy index companies contributed most to the index fall with John Kells Holdings closing at 265.00 rupees down 08.20 and Dialog Axiata closing down 0.30 cents at 09.00 rupees.

Nestle Lanka was the top gainer Friday gaining 19.90 rupee to close at 2000.00 rupees.

The main crossings were recorded by Cargills closing at 180.00 rupees down 0.60 rupees with a crossing of one million shares at180.00 rupees. Valliable One closed flat at 19.10 rupees with a 1.7 million shares being traded.

Commercial Bank of Ceylon closed at 120.10 rupees down 2.80 rupees with over 988,000 shares traded. Hatton National Bank closed at 169.00 rupees per share down 0.30 cents.

DFCC Bank closed at 141.00 rupees down 1.80 rupees and National Development Bank closed at 171.90 rupees, down 90 cents.

Union Bank of Colombo flat at 19.10 rupees and Sampath Bank lost 2.10 rupees to close at 217.20 rupees.

Distilleries Company lost 1.80 rupees to close at 195.10 rupees and Ceylon Tobacco Company too lost 19.40 rupees to close at 955.60 rupees.

Aitken Spence closed at 134.50 down 40 cents. Browns Investments closed flat at 03.30 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-down-1.2--pct/880794660

Chanuque

Chanuque
Manager - Equity Analytics
Manager - Equity Analytics
Slashing further the interest rate is not very prudent and CBSL knows it. Lending banks of Sri Lanka should identify carefully the borrowers ( Those who really can honor the repayments ). Loans should not be given to the wrong hands in order to maintain the incoming provision of funds. If the banks do not set up strict lending guidelines, we will ended up of having a financial bubble which could trigger CBSL default with the current leverage.
As a result of the DOT COM bubble, the REAL ESTATE bubble, and the FINANCE BANK bubble, the US economy has tumbled down one after another in domino effect. For rescue effort, the Federal Reserve decreased the interest rates in two occasion to pump a massive stimulus packages for the concerned, and it has ended up the US Federal Reserve with mountain of debts.
We should not get into a situation like that down here in the island ..

CSE.SAS

CSE.SAS
Global Moderator
The Colombo Stock Exchange suffered a sharp decline for the second consecutive day on a turnover of Rs.883.9 million, down from the previous day’s Rs.1.37 billion, with the All Share Price Index losing 64.95 points (1.02%) and S&P SL20 down 45.87 points (1.29%) with 65 gainers strongly outpaced by 146 losers while 66 counters closed flat

"The indices took a beating mainly on account of the sharp decline in JKH which closed Rs.6.60 down at Rs.266.60 with nearly 0.1 million shares traded between Rs.265 and Rs. 273 generating turnover of Rs.25.9 million,’’ a broker said.

Although the sharp fall was for the second day, the indices have dropped five days running and John Keells Stock Brokers said ``the ASPI dipped for a fifth consecutive day mainly due to losses on large caps with activity driven by crossings on CARG, COMB and CTC, which collectively accounted for 42% of the day’s turnover."

A foreign inflow of Rs. 291.6 milion was posted with purchases of Rs. 410.64 mn. and sales of Rs.119.04 mn.

He said that foreign buying of JKH has dried up and this has resulted in the share declining sharply in the last few days.

Commercial Bank (voting) which closed Rs.1.20 down at Rs.121.70 on over 0.1 million shares traded between Rs.120 and Rs.122.90 also contributed to driving down the indices.

Block trades yesterday included a single parcel of 34,000 CTC crossed at Rs.980 contributing Rs.33.3 million to turnover, a single parcel of Commercial Bank of over 0.8 million shares crossed at Rs.122 contributing Rs.103.4 million to turnover and three parcels of Cargills totaling over 1.3 million shares crossed at Rs.80 generating a turnover of Rs.25.9 million.

Carsons saw a large parcel of nearly 0.2 million shares done on the floor at Rs.440 contributing Rs.80 million to turnover while other large quantities included Sampath closing Rs.2.20 down at Rs.217.10 on over 0.2 million shares, LMF closing 40 cents down at Rs.125 on nearly 0.3 million shares and Vallibel One closing flat at Rs.19.10 on 1.7 million shares.

Nestle continued to move up gaining Rs.19.90 to close at Rs.2,000 on 912 shares while floor trades in Commercial Bank (voting) saw the share down Rs.1.20 to Rs.121.70 on over 0.1 million shares.

United Motors announced a final dividend of Rs.4 per share for 2012/13 following shareholder approval at a July 15 AGM. The share will trade XD from July 8 with payment on July 15.

Horana Plantations announced an interim dividend of Rs.2 per share for 2012/13 XD from June 16 and with payment on June 26.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=80767

Sponsored content


Back to top  Message [Page 1 of 1]

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