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

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Today at 12:44 am

» Top Foreign Trading today
by D.G.Dayaratne Yesterday at 11:29 pm

» Maharaja after long time
by Maharaja Yesterday at 10:20 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by Asoka Samarakone Yesterday at 9:39 pm

» Evergrande agrees deal to avoid default on key bond: Company
by RajapaksaDON Yesterday at 8:15 pm

» Top crossings today
by SAGA Yesterday at 7:27 pm

» LOFC AND CLC Target Price??
by Rational Investor Yesterday at 6:35 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Equity Win Yesterday at 10:47 am

» CABO -- “ The Investment Company ” under Land & Building Sector
by samaritan Yesterday at 10:45 am

» LOFC lofc
by stockchaser Yesterday at 9:52 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 12:14 am

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Yesterday at 12:11 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Tue Sep 21, 2021 3:49 pm

» GUYS LOOK IN TO JKH / JKL NOW
by Wickyz Tue Sep 21, 2021 10:54 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by reyaz Tue Sep 21, 2021 7:37 am

» LOFC LOFC LOFC
by stockchaser Mon Sep 20, 2021 7:49 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by LHW Sun Sep 19, 2021 10:14 pm

» KOTAGALA PLANTATION
by reyaz Sun Sep 19, 2021 3:33 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Sat Sep 18, 2021 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Sat Sep 18, 2021 1:37 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™ » Sri Lankan stocks close at 4-month lows on foreign selling

Sri Lankan stocks close at 4-month lows on foreign selling

5 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
COLOMBO, Aug 23 (Reuters) - Sri Lankan stocks plummeted over 2 percent to four-month closing lows on Friday on foreign selling in select shares like John Keells Holdings, while retail investors stayed on the sidelines amid a falling rupee, brokers said.

The main share index ended down 2.2 percent, or 134.05 points, at 5,951.83, its lowest close since April 24 and breaching the key support level of 6,000 points.

Analysts said investors were cautious over the fall in the rupee and earnings outlook. The local currency hit a near one-year low on Friday due to renewed selling of government bonds by foreign investors.

Shares in Ceylon Tobacco fell 12.64 percent to 1,108.20 rupees, while Nestle Lanka Plc dropped 5.21 percent to 2,205.20 rupees. Conglomerate John Keells Holdings fell 3.10 percent to 240.30 rupees.

Foreign investors were net sellers for a second straight session, selling 72.5 million rupees ($549,100) worth of shares.

But they have been net buyers of 18.35 billion rupees so far this year.

Turnover was 978 million rupees, more than this year's daily average of about 920.2 million rupees.

($1 = 132.0250 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)

(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/2013/08/23/3511109.htm

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

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Usual Blame Game
Our Market Down when Foreigners SELL & UP when BUY.
Retailers on Side Lines or Panick Sellers

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What does this mean?

Net inflows to Govt. securities up 50%
Published : 2:00 am August 23, 2013 | 339 views | No comments so far | Print This Post | E-mail to friend

Net inflows to the Government securities market in the first half of 2013 increased by 50.6% to $ 664.4 million, compared to the net inflow of $ 441.3 million recorded in the corresponding period of 2012.

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@bullrun wrote:What does this mean?

Net inflows to Govt. securities up 50%
 Published : 2:00 am  August 23, 2013  |  339 views  |  No comments so far  |  Print This Post   |  E-mail to friend

Net inflows to the Government securities market in the first half of 2013 increased by 50.6% to $ 664.4 million, compared to the net inflow of $ 441.3 million recorded in the corresponding period of 2012.
I think it is applicable to yesterday market activity. This type of headline can create more panic among less informed retailers..

Overall there is net inflow up to now..

5Sri Lankan stocks close at 4-month lows on foreign selling Empty ASPI crashes; drops below 6,000 Sun Aug 25, 2013 11:50 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Softlogic Stockbr-okers said the market last week saw a steep downtrend this week as the ASPI dipped 282 points on a WoW basis amidst strong selling pressure on three large blue chip counters namely John Keells Holdings, Nestle and Ceylon Tobacco. Selling pressure accelerated as the week passed by as the ASPI dipped below psychological 6,000 mark.

“It is important that investors understand that the market dip is primarily led by three selected large cap counters of which the appreciation in value was unwarranted. We believe that investors should use this period as an opportunity to accumulate value counters which we believe exist in the banking sector and energy sector,” Softlogic Stockbrokers added.
http://www.ft.lk/2013/08/26/aspi-crashes-drops-below-6000/

Sponsored content


Back to top  Message [Page 1 of 1]

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