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?

Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Vote_lcap68%Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Vote_rcap 68% [ 178 ]
Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Vote_lcap18%Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Vote_rcap 18% [ 47 ]
Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Vote_lcap13%Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Vote_rcap 13% [ 35 ]

Total Votes : 260

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

» VFIN super performance
by chandike73 Yesterday at 6:03 pm

» Today is the Best - Day to buy CLC ..!
by Sapudev Yesterday at 5:45 pm

» LOFC AND CLC Target Price??
by Sapudev Yesterday at 5:37 pm

» Thoughts on SINS
by Bakka1988 Yesterday at 2:52 pm

» LGL.N_UPDATES
by thananjey Yesterday at 2:43 pm

» Rubber prices hit 4-month high; here are key driving factors
by ResearchMan Yesterday at 2:13 pm

» Lubricant oil Prices increases for third time.. Keep eye on Industry
by rukshan1234 Yesterday at 1:40 pm

» Bad news, bulls: Bank of America sees stocks flatlining through 2022
by ResearchMan Yesterday at 1:28 pm

» ACCESS ENGINEERING PLC (AEL.N0000)
by samaritan Yesterday at 1:20 pm

» Dusit Thani Sri Lanka project halted?
by js71 Yesterday at 12:59 pm

» China-US freight rates plunge
by ResearchMan Yesterday at 12:16 pm

» Europe Gas: Prices fall as drop in coal markets offsets higher demand
by ResearchMan Yesterday at 12:13 pm

» EXPO/BILL/LOLC
by Stockbull Yesterday at 12:04 pm

» Maharaja after long time
by Wickyz Yesterday at 11:59 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by Wickyz Yesterday at 11:50 am

» LOLC gets balance $ 225 m from Cambodia PRASAC stake sale
by stockchaser Yesterday at 10:45 am

» KELANI TYRES PLC (TYRE.N0000)
by Value Pick Yesterday at 10:38 am

» NIFL is about to run towards ATH
by Jay-Jay Yesterday at 9:54 am

» The fate of NIFL .. CLC .. LOFC under LOCH
by Jay-Jay Yesterday at 9:50 am

» Lanka IOC draws investor interest at CSE
by samaritan Yesterday at 9:36 am

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™ » Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn

Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn

4 posters

Go down  Message [Page 1 of 1]

1Mega deal in JKH between foreign funds drive turnover to Rs. 3.5 bn Empty Sri Lanka stocks close flat Thu Jun 20, 2013 5:31 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
June 20, 2013 (LBO) - Sri Lanka's stocks closed barely changed Thursday with the market showing marginal gains, helped by foreign buying in to a index heavy stock, brokers said.

The benchmark Colombo All Share Index closed 02.21 points higher at 6,211.44, a 0.04 percent gain and the S&P SL 20 Index closed 03.54 points lower at 3,492.14 down 0.10 percent.

Turnover was 3.4 billion rupees up from 343 million a day earlier.

Foreigners being net sellers contributed 84 percent for today’s turnover. They brought 2.8 billion rupees worth shares while selling 3 billion rupees in a day that 87 stocks advanced and 99 stocks declined.

John Keells Holdings contributed most to the index gain closing at 269.50 rupees up 4.50 rupees helped by a crossing of 10 million shares at 265.00 rupees per share raising 2.7 billion rupees.

Brokers speculates that the JKH share transaction between two foreign parties occurred amid reports the company is to sign a 640 million US dollar deal to establish an integrated hotel complex in the capital of Colombo.

Colombo Cold Stores closed at 174.80 rupees up 14.80 rupees and Trans Asia Hotels gained 3.20 rupees to close at 83.20 rupees.

Negative contributors included Dialog Axiata losing 10 cents to close at 8.70 rupees, Carsons Cumberbatch closed at 440.70 rupees down by 3.30 rupees following a crossing 200,000 shares at 445.00 rupees per share and Asia Hotel & Properties lost 1.40 rupees to close at 72.00 rupees.

Pan Asia closed at 19.30 rupees down 20 cents. Union Bank of Colombo closed flat at 18.00 rupees and Sampath Bank closed at 208.10 rupees down 2.50 rupees and

Commercial Bank of Ceylon lost 40 cents to close at 115.80 rupees following a crossing of 2.7 million shares at 115 rupees per share.

Nestle Lanka gained 6.40 rupees to close at 1911.10 rupees and Chevron Lubricants Lanka gained 2.60 rupees to close at 292.00 rupees

Distilleries Company crossed 150,000 shares at 193 rupees a share to close at 192.90 rupees down 10 cents, The Lions Brewery closed at 399.00 rupees down by 1.00 rupee and Ceylon Tobacco Company closed at 1007.00 rupees up 1.80 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-flat/1944371696

sriranga

sriranga
Co-Admin
COLOMBO, June 20 (Reuters) - Sri Lanka's rupee fell on Thursday as foreign investors booked forwards to hedge their exposure, currency dealers said, amid a trend of foreign outflows in other Asian peers in the wake of rise in U.S. Treasury yields.

Emerging markets, many of which have been primed by the cheap Fed cash, saw some of the biggest selling as investors rushed to the exits on Thursday, after the U.S. Federal Reserve laid out a timetable for turning off the taps on its $85 billion-a-month bond-buying programme.

'Some foreign investors sold their long-term bonds and shifted to shorter tenure securities to hedge their exposure,' a currency dealer said on condition of anonymity. 'We still see a weaker rupee, with foreign investors selling their bonds.'

The rupee closed at 128.43/47 to the dollar, 0.2 percent weaker from Wednesday's close of 128.10/20.

The rupee lost 1.6 percent last week. It fell to 129.00/129.10 per dollar in early trades on Friday, its lowest in more than six months, as foreign investors sold debt as part of a broader selloff in emerging markets.

The local currency has weakened 0.7 percent so far this year, following a 10.7 percent depreciation in 2012 as the central bank opted for a flexible exchange rate regime in February 2012.

Sri Lanka's main stock index closed flat, but the turnover hit a more than six-week high due to a block deal in market heavyweight John Keells Holdings between two foreign funds, said stockbrokers.

The bourse ended 0.04 percent, or 2.21 points, firmer at 6,211.44. It hit a near a five-week low on Tuesday on concerns of a possible pullout by foreign funds, following regional peers.

On Wednesday, sources told Reuters that top conglomerate Keells will sign a $640 million deal to establish an integrated hotel complex. Shares in Keells closed 1.7 percent up at 269.50 rupees per share. The market witnessed net foreign outflows of 183 million rupees ($1.42 million) on Thursday, but foreigners have been net buyers of 16.04 billion rupees in shares.

The day's turnover was at 3.48 billion rupees, more than thrice of this year's daily average of 1.01 billion rupees.

($1 = 128.4750 Sri Lanka rupees) (Reporting by Shihar Aneez; Editing by Prateek Chatterjee)

(shihar.aneez@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging:shihar.aneez.thomsonreuters.com@reuters.net)(twitter.com/shihara neez)
http://www.xe.com/news/2013/06/20/3405173.htm

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

sriranga

sriranga
Co-Admin
Indices virtually flat

Nearly 10.1 million shares of John Keells Holdings were crossed on the Colombo bourse yesterday at Rs.265 each in a deal worth Rs.2.67 billion boosting the day’s turnover to Rs. 3.48 billion, up from the previous day’s Rs.343.8 million, with marginal changes in the indices – the All Share up 2.21 points (0.04%) and S&P SL20 down 3.54 points (0.10%) with 109 gainers ahead of 91 losers while 112 counters closed flat.

Brokers and analysts said that yesterday’s block trades in JKH were done between two big foreign shareholders, Janus Fund which was the conglomerate’s single largest shareholder and another foreign fund which is also a significant shareholder of JKH.

Foreign sales amounted to Rs. 3 billion, leading to a net inflow of Rs. 183.02 million on the back of foreign purchases amounting to Rs. 2.82 billion.

"The ASPI ended broadly flat amid improved activity levels. Market turnover crossed the Rs. 3bn mark mainly on the back of two block trades on JKH which accounted for over 75% of turnover. The market also saw crossings on DIST, COMB, and CARS," John Keells Stockbrokers said.

Apart from the mega deal, Commercial Bank too also saw 2.7 million shares crossed at Rs.115.80 contributing Rs.312.6 million to turnover.

Other block trades included 200,000 Carsons crossed at Rs.445 in a deal worth Rs.89 million and 150,000 Distilleries crossed at Rs.197 in a transaction worth Rs.29 million.

Apart from the crossings, JKH saw nearly 0.4 million shares done on the floor at prices between Rs.264.50 and Rs.270 closing a rupee up at Rs.269.50 and contributing Rs.103.8 million to turnover.

Several blue chips including Sampath, Commercial Bank (voting), NTB, Lion, Distilleries and HNB which showed volume yesterday saw their prices dipping though not significantly.

Sampath was down Rs.1.60 to Rs.209 on over 0.2 million shares, ComBank down 40 cents to Rs.115.80 on nearly 0.4 million shares, NTB was down Rs.1.20 to Rs.63.50 on over 0.2 million shares, Lion was down a rupee to Rs.399 on 34,501 shares, Distilleries down 10 cents to Rs.192.90 on 68,017 shares and HNB down 50 cents to Rs.164.50 on 39,416 shares.

Analysts said that the big transaction on JKH came ahead of an expected announcement, possibly next week, of a big Colombo city development project that JKH has been working on over an extended period.

These plans were kept under wraps pending final regulatory approval expected to be announced in the short—term, they said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=81753

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

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
JKH good to see some correction....Smile
This was on the cards around 260 when it HIT

sashimaal

sashimaal
Manager - Equity Analytics
Manager - Equity Analytics
JKH will not start the project before August. Maybe around Sep/Oct 2013.

They may not announce this early (unless Govt pushes them Basketball)

Sponsored content


Back to top  Message [Page 1 of 1]

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