Market opened a fresh week with a mixed sentiment where shares in ASI extended losses to end 0.2% down. Index closed at 6,015.54, a drop of 13.54 points. However, S&P SL 20 Index managed to gain 12.01 points (+0.35%) with the support of the price appreciations in Carsons Cumberbatch, Commercial Bank, and Chevron Lubricants. Market turnover was LKR 441mn. Dialog Axiata emerged as the top contributor to the daily turnover with LKR 195mn. PC House traded heavily during the day. Two crossings were recorded from Dialog Axiata where 22mn shares changed hands at a price of LKR 8.80 per share. Foreign participation was 35% and foreign investors ended as net buyers with a net inflow of LKR 260mn.
On Tuesday Market ended the daily operations in red where benchmark All Share Index and S&P SL 20 Index dropped marginally by 7.55 points (-0.13%) and 11.02 points (-0.32%). Daily market turnover was LKR 738mn. John Keells Holdings was the top contributor to the market with LKR 341mn. There were three crossings recorded from John Keells Holdings, Sampath Bank and Commercial Bank. Total value of the crossings accounted for 52% of the total market turnover. Namunukula Plantations heavily traded stocks for the day. Namunukula and Kegalle Plantations announced interim dividends of LKR 9.00 and LKR 12.00 per share respectively. Kegalle Plantations reached intra-day high of LKR 118.00 (+10%) while Namunukula Plantations reached intra-day high of LKR 86.00 (+14%). Colombo Land & Development was also traded heavily during the day. Foreign participation for the day was 36% of the total market activity and at the end of the trading foreign investors were net buyers with a net inflow of LKR 421mn.
Colombo stocks further dropped on Wednesday where benchmark All Share Index and S&P SL 20 Index dropped by 25.30 points (-0.42%) and 9.69 points (-0.29%) respectively. Anilana Hotels and Properties Limited commenced its secondary trading and the stock reached intraday high of LKR 13.50 & stock closed at LKR 10.50 (-12.5%). Daily market turnover was as LKR 192mn. One crossing was recorded in Hatton National Bank where 0.25mn shares changed hands hands at a price of LKR 154.00 per share. Accordingly Hatton National Bank with LKR 39mn emerged as the top contributor to the market. Waskaduwa Beach Resort traded heavily followed by Kalpitiya Beach Resort and Anilana Hotels. Foreign participation for the day was 14% of the total market activity and at the end of the trading foreign investors were net buyers with a net inflow of LKR 14mn.
Market closed in green territory on Thursday where positive returns were recorded in both indices. Board market index closed with a marginal gain of 3.10 points (+0.05%) and S&P SL20 Index gained 2.00 points (+0.06%). Price appreciation in the premier blue-chip Nestle contributed positively to the index performances. Market turnover was LKR 665mn. John Keells Holdings with LKR 260mn emerged as the top contributor to the market turnover. Several off-the-floor deals recorded in Aitken Spence, John Keells Holdings and NDB. PC House Holdings was the heavily traded stocks for the day. Foreigners were net buyers of LKR 349mn worth of shares and foreign participation accounted for 48% of the market activity.
Market wrapped the weekly operations on Friday on positive note. ASI closed at 6,041.06, up by 55.61 points (+0.93%) and S&P SL 20 Index end at 3,409.16, up by 30.43 points (+0.90%). The indices posted notable gains due to price appreciations in index heavy counters such as John Keells Holdings (LKR 260.10,+4.2%) , Sri Lanka Telecom (LKR 41.00,+4.6%) and NDB Capital (LKR 490.00,+6.5%). Daily market turnover was LKR 719mn. Total value of the crossings accounted for 47% of the market turnover. John Keells Holdings with LKR 324mn, Sampath bank with LKR 106mn and Sinhaputhra Finance with LKR 75mn were the top contributors to the market turnover. John Keells Holdings, Vallibel One & Sinhaputhra Finance were the actively traded stocks during the day. Foreign participation was 18% and foreign investors were net sellers with a net outflow of LKR 184mn. Net foreign outflows were seen in stocks such as John Keells Holdings, Sampath Bank and Nations Trust Bank. Cash map closed at 71.01%.
Last edited by sriranga on Fri Jul 19, 2013 6:33 pm; edited 1 time in total