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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka stocks up 0.2-pct

Sri Lanka stocks up 0.2-pct

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1Sri Lanka stocks up 0.2-pct Empty Sri Lanka stocks up 0.2-pct Fri Jun 14, 2013 5:38 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
June 14, 2013 (LBO) - Sri Lanka's stocks closed up 0.19 percent on Friday following three straight days of losses with index heavy stocks continuing to drop and profit taking by some investors, brokers said.

6,219.3911.520.19% The benchmark Colombo All Share Index closed 11.52 points higher at 6,219.39 and the S&P SL 20 Index closed 5.26 points higher at 3,504.35 higher 0.15 percent.

Turnover was 577 million rupees up from 480 million day earlier.

Foreigners brought 159 million rupees worth shares while selling 241 million rupees of shares, in a day that 96 stocks advanced and 87 stocks declined.

Ceylon Tobacco Company contributed most to the index gain closing at 979.80 rupees up 27,60 rupees. Sri Lanka Telecom closed at 42.00 rupees up 1.00 rupee and Aitken Spence gained 4.30 rupees to close at 137.80 rupees.

Negative contributors included John Keells Holdings which lost 1.40 rupees to close at 265.60 rupees and Nestle Lanka lost 58.000 rupees to close at 1920.20 rupees.

Pan Asia closed at 20.20 rupees down 30 cents. Union Bank of Colombo closed flat at 18.90 rupees and Sampath Bank closed at 211.20 rupees down 1.80 rupees. Commercial Bank of Ceylon lost 0.20 rupees to close at 116.70 rupees.

Distilleries Company gained 60 cents to close at 195.00 rupees, The Lion Brewery closed at 387.40 up 2.40 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-up-0.2-pct/1610380016

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Negative sentiment dominated markets this week as profit taking on blue-chip counters and muted retail activity continued to drive down indices, Acuity Stockbrokers said in a market report.

"Despite market activity picking up marginally on Friday, the 11 point gain in the benchmark ASPI failed to offset a W-o-W decline of 88.04 points. Volumes too were notably thin with turnover value hitting a 9-week low of LKR 0.48bn on Thursday and daily average turnover value declining 37.66% relative to the Y-T-D average of LKR 1.03bn,’’ it said.

"Foreign inflows however, extended its positive run as net inflows of LKR 0.61bn helped offset net outflows of LKR 0.18bn over the week. Similar sentiment is likely in the week ahead. ‘’
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=81360

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